[Backpack Founder Discusses 'Binance May Open Stock Trading': Some U.S. Retail Investors Could Flock to Crypto] BlockBeats News, May 31 — In response to rumors that Binance may 'add real U.S. stock trading' on June 1, Backpack founder Armani Ferrante posted that this move by Binance could reshape the entire brokerage landscape: · 24/7 price discovery in the (stock) spot market will be unlocked; · A new generation of crypto-native brokers will follow Binance in enabling weekend price discovery (existing perpetual contracts work too, but the range of underlying assets is still too limited for retail brokerage products); · Crypto-native brokerage firms will directly compete with traditional TradFi brokers. As the first platforms to offer weekend spot trading, they will gain a significant advantage; · The Web 2 retail stock investor community may enter the crypto space through these new brokers, with these capital flows subsequently entering the broader crypto and DeFi sectors. [Original Link]