Besides on-chain lending, bStocks recently launched another feature: regular users, after evaluation, can use bStocks assets as collateral for margin trading directly in the Binance main app. For users who need it, this improves asset utilization efficiency—similar to collateralized lending, allowing you to expand liquidity without selling your assets. Over the past few days, I’ve been checking market data for stock tokens and noticed that bStocks is growing super fast, with its scale surpassing $800M. Back in early July, the value of U.S. stocks held by Binance users was over $1B. I haven’t seen the latest data for the past two months, but it’s probably growing quickly too. Binance and BNB Chain have been actively promoting the ability for users to convert Binance stocks and bStocks 1:1 (mint & burn) without any fees. The goal is to fully leverage the combined advantages of on-chain × CEX, expanding more application scenarios. This could lead to a series of more flexible use cases compared to traditional brokerages.