Add as a preferred source on GoogleBinance Notices Distinguish Credo Perpetual Contract From Tokenized Security
The CRDOUSDT contract tracks Credo’s Nasdaq-listed ordinary shares; CRDOB/USDT is a separate tokenized security that does not confer direct ownership.
Binance’s product notices describe two distinct instruments tied to Credo Technology Group Holding Ltd. ordinary shares (Nasdaq: CRDO): the CRDOUSDT perpetual contract and the CRDOB/USDT bStocks product.
Binance’s June 8 notice described CRDOUSDT as a USDT-margined perpetual contract that tracks the Nasdaq-listed ordinary shares. Its stated terms include settlement in USDT, 24/7 trading, a minimum trade amount of 0.01 CRDO and maximum leverage of 20x.
The Aug. 5 notice identified CRDOB/USDT as a trading pair for bStocks, which are issued by BTech Holdings Limited, a Binance group affiliate. The tokenized security does not provide direct ownership of the underlying shares; the notice said it was unavailable to U.S. persons.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.