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Binance Adds Direct Fiat Buying and Selling for bStocks in 49 Currencies

Users can fund purchases with fiat balances, bank cards, Apple Pay or Google Pay. Binance plans to add more supported currencies.

A plain bank card rests beside a metallic share medallion / TokenPost.ai
A plain bank card rests beside a metallic share medallion / TokenPost.ai

Binance has added direct purchases and sales of bStocks through 49 fiat currencies, letting eligible users move between the tokenized securities and fiat without first converting through cryptocurrency.

The exchange's Convert and Buy/Sell pages support purchases funded with a fiat balance or bank card, as well as Apple Pay and Google Pay. Users can also sell bStocks directly for fiat.

Supported currencies include the U.S. dollar, euro, British pound, Japanese yen, Hong Kong dollar, New Taiwan dollar, Australian dollar and Canadian dollar. Binance plans to add more currencies.

bStocks provide exposure to listed securities but do not give holders direct ownership or shareholder rights. They remain unavailable to U.S. persons and inaccessible from within the United States under Binance's bStocks access restrictions.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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