# Binance CrowdStrike Futures and bStock Represent Separate Products By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/52359 Published: 2026-11-09T14:34:06.000Z Updated: 2026-11-09T14:34:06.000Z Section: Investing > Binance launched CRWDUSDT on June 8 and listed CrowdStrike bStocks (CRWDB) on Sept. 2. CRWDB is unavailable to U.S. persons. Binance launched two separate products tied to CrowdStrike Holdings, Inc. shares, a distinction that matters when interpreting stock analyst targets, futures positions and tokenized securities. The CRWDUSDT perpetual contract, launched June 8, tracks the price of CrowdStrike’s Nasdaq-listed Class A shares and settles in USDT. CrowdStrike bStocks (CRWDB), launched Sept. 2, is a separate tokenized security. Holding CRWDB does not confer direct ownership of CrowdStrike shares, and the product is unavailable to U.S. persons. The names refer to different instruments. CRWD is the ticker for CrowdStrike shares on Nasdaq; CRWDUSDT identifies the perpetual contract; and CRWDB identifies the bStock. A reading of funding rates or open interest for CRWDUSDT describes futures activity. It does not establish a price or trading trend for CRWDB. The distinction also applies to Wall Street research. Deutsche Bank [upgraded CrowdStrike shares]() on Nov. 2. Assessing the momentum of CRWD shares, CRWDUSDT or CRWDB requires observations for that specific instrument at a stated time. The product descriptions and analyst target alone do not establish a current trading trend for any of the three. ## Links in this article - [upgraded CrowdStrike shares](https://www.tokenpost.com/news/investing/46796)