Just saw Binance's latest update about bStocks, and I think regular users should pay more attention to this. The key point this time is that the eligibility for using bStocks as leveraged collateral has been expanded. To put it simply, bStocks were previously available as leveraged collateral mainly for VIP 3 and above users. Now, the eligibility has been extended to all users with cross-margin accounts and unified margin accounts. For regular users, VIP 1, and VIP 2, as long as your region and product meet the requirements and you complete the necessary suitability assessment, you’ll have the chance to use this feature. So, if you’re already keeping an eye on bStocks, here are three points to consider about how this update might affect you: 1. **Who can use it?** "All users" doesn’t mean it’s open to everyone globally without restrictions. You still need to meet region, product, and account-related eligibility requirements. Regular users, VIP 1, and VIP 2 must complete a suitability assessment before using bStocks as collateral. So, the first step is to confirm whether you qualify. 2. **Where can it be used?** The focus right now is on cross-margin and unified margin accounts. This means bStocks aren’t just sitting there for you to watch the price go up and down. If you meet the conditions, they can also be used as collateral in your account, adding another use case for your funds. This is what I think makes this update worth paying attention to. Of course, this doesn’t mean increased returns, nor does it mean holding bStocks will allow you to access funds risk-free. 3. **Risk hasn’t been eliminated.** If regular users, VIP 1, or VIP 2 hold bStocks as collateral and their account risk reaches a certain threshold, additional restrictions may be triggered. For example: - Restrictions on transferring more bStocks into the account - Restrictions on buying or borrowing certain low-liquidity assets - Restrictions on opening new futures positions in unified margin accounts Once the account risk returns to a safe level, these restrictions will be automatically lifted. Here’s another detail to note: VIP 3 and above are not subject to the newly added risk control measures, but this doesn’t mean VIP 3 users are free from other risk controls, nor does it mean they’re immune to losses or liquidation. Also, bStocks themselves are tokenized securities, not direct ownership of the corresponding listed company’s stocks or shares, and they don’t grant traditional shareholder rights. So, my understanding of this update boils down to one sentence: bStocks have gone from "tradable and holdable" to "usable as collateral under certain conditions," and this eligibility now covers a broader range of users. However, whether you can use it, which bStocks are supported, the corresponding collateral ratio, and account restriction conditions still depend on Binance’s current page and official rules. The announcement itself doesn’t provide unified numbers for collateral ratios, limits, leverage multiples, or fees, so there’s no need to make assumptions. This update to bStocks is essentially opening up more use cases for the funds in your account. Details: https://www.(binance.com)/zh-CN/support/announcement/detail/81b8ea1e9eaf45759c43b17c66aa068d