Binance to Add US Stock Trading Next Month
JOON HYOUNG LEE
Summary
- A report said global cryptocurrency exchange Binance plans to introduce a US stock trading feature next month.
- The exchange is likely to add a US stock trading feature to its main platform along with the on-chain stock tokenization service bStocks.
- Alpaca will handle custody and clearing for US stock trades, and Binance said it would announce a major update on June 1.
Forecast Trend Report by Period
Binance, the global cryptocurrency exchange, is set to add US stock trading next month.
BlockBeats reported on May 31 that the new feature Binance previously teased for June 1 will likely add US stock trading to its main platform and introduce bStocks, an on-chain stock tokenization service.
The move would let users trade US stocks on Binance starting next month. Alpaca will handle custody and clearing for the stock trades.
Binance recently said on its official X account that it would announce a major update on June 1.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
