Many people have this misconception.

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BITWU.ETH
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18 hours ago

Many people have this misconception!

In fact, Binance's stock trading area and bStocks are two different products!

Kim @moonkimbinance has done a comprehensive interpretation of this,

Binance Stocks addresses the number of underlying assets and liquidity in US stocks, covering over 7000 US stocks and ETFs, directly connecting to the liquidity of the traditional US stock market during normal trading hours.

bStocks provides 24/7 trading and connects the traditional US stock market liquidity with Crypto liquidity through a 1:1 conversion.

So we can also see

that what Binance really wants to build is a complete on-chain stock trading system, not just a single function of listing a stock: the traditional market provides price and underlying liquidity, while the Crypto market offers round-the-clock trading capability.

The combination of the two products is the complete solution in Binance's eyes.


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