Not bad, this directly activates on-chain arbitrage opportunities between the spot and futures prices of U.S. stocks. Especially for some small-cap stocks, they’ll gradually start being influenced by crypto contract funding rates and eventually turn into a 1:9 ratio between spot and contracts. It might look like Binance is becoming a brokerage, but in reality, this is the first step for on-chain capital to seize pricing power in the stock market. Inside the spot market Trojan horse lies the big fat man and little boy of perpetual contracts. Whoever can sell will hold the pricing power. Everything will eventually become crypto-ized. One market at a time.