Binance’s stock trading platform has officially surpassed $1 billion in assets under management (AUM) just 30 days after its launch. The crypto exchange launched direct access to over 7,000 US stocks and ETFs on June 1st, adding tokenized versions of US stocks. Within just a month, users have acquired more than $1 billion in US equities on the platform and generated nearly $3 billion in cumulative trading volume.
A bStock is a tokenized 1:1 US security issued on Binance through Binance Group affiliate BTech Holdings. The tokens track the price of their underlying stocks. Furthermore, holders can trade them 24/7 and convert them instantly into direct stock positions at no cost.
“A billion dollars in 30 days is a sign of the demand that’s been waiting decades for a door to walk through,” said Shunyet Jan, Head of Spot and Derivatives Business at Binance. “The walls that kept most of the world out of U.S. stocks were never as solid as they looked. We built this for the hundreds of millions of people who never had a way in.”
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Binance’s stock trading platform added tradeable, tokenized versions of Microsoft (MSFTB), Meta (METAB), and Palantir (PLTRB) this past week. Binance Direct Stocks’ $1 billion milestone lands in the same 30-day window that saw pre-IPO perpetual futures volumes surge from $1 billion to $22 billion across crypto exchanges, Securitize list on the NYSE as the first pure-play tokenization infrastructure public company, and the SpaceX IPO generate $100 billion in retail investor orders.
In addition to the update on Binance’s bStocks success, Binance also announced it’s waiving maker fees on all five pairs through August 31 at 23:59 UTC, giving early users a window of zero-cost entry across the new lineup.