The next batch of buyers in the US stock market entered with only $5? In the data of the first week of Binance's direct stock launch, I think the most worth looking at is not AUM, nor how many targets were launched, but the user structure More than 80% of trading volume comes from emerging markets About 25% of stock users are under the age of 25 Nearly 40% of transaction amounts are less than $100 Putting these numbers together is actually quite interesting Many emerging market users in the past were not uninterested in the US stock market, but rather had high participation costs Opening an account, cross-border funds, foreign exchange costs, and minimum deposits, each step is not particularly exaggerated, but when combined, it will block a large number of ordinary users from entering the market So when you can buy broken US stocks for as little as $5, it changes not only the trading amount, but also the question of 'who is eligible to participate in the global market' Previously, buying US stocks was more like an overseas asset allocation for high net worth users, but now it is becoming the first global asset for some young users. The amount may only be a few tens of dollars, but the significance is not small because many financial activities start from the first participation Another data that surprised me a bit was that about 70% of users chose to hold instead of trading within the day This is different from many people's impression of crypto users. People always think that they only chase short-term fluctuations, but at least from this early data, many users are using their familiar platforms to do longer-term asset allocation At the same time, it is also quite representative in terms of capital flow. The semiconductor and AI hardware sectors attracted approximately 44% of the capital inflows, with popular targets such as NVDA, GOOGL, and MRVL Young investors are not buying randomly, but rather buying technological narratives that they can understand and are willing to believe in for the long term So the truly noteworthy aspect of this matter may not be that "Binance can now buy US stocks", but rather that the entry points for global assets are changing In the past, the entry points were banks, securities firms, and cross-border accounts Now the entrance may be an app, a wallet, or a financial platform that users already use every day Crypto once provided many emerging market users with their first exposure to global finance And now when it comes to stocks ETF、 Payment and digital assets are beginning to appear in the same entrance, and the significance of financial super applications is not just about increasing the number of products, but also about people who were previously unable to enter finally having a lower cost entrance When the entry threshold for the US stock market drops from a few thousand dollars to 5 dollars, a group of new participants who were not properly served or understood in the past will emerge in the market. I believe this may be more worth paying attention to than just a product launch itself @heyibinance @cz_binance @yayabinance @moonkimbinance @pearbinance --- Finally, I would like to share a small benefit: Binance is currently engaged in US stock and ETF trading activities Complete over 200U of US stock or BSTOCKS trading during the event period to participate in the 10 million USDC prize pool If you have plans to buy US stocks recently, you can participate in this activity and get some wool from it