Binance Adds 10 Tokenized Stocks to Margin Collateral List
Uk Jin
Summary
- Binance said it has added 10 tokenized bStocks as collateral assets for margin trading.
- The bStocks are tokenized securities that allow traditional financial assets such as U.S. stocks and ETFs to trade on the blockchain.
- Users can deposit those tokens as collateral to engage in crypto margin trading.
Binance has added 10 tokenized stocks, known as bStocks, as eligible collateral for margin trading.
The exchange said July 7 that the newly added qualifying collateral assets are Alphabet (GOOGLB), Qualcomm (QCOMB), Coinbase (COINB), SPDR S&P 500 ETF (SPYB), Western Digital (WDCB), Corning (GLWB), Nebius (NBISB), the semiconductor bull 3x ETF (SOXLB), Roundhill Memory ETF (DRAMB) and Cerebras (CBRSB).
bStocks are tokenized securities that allow traditional financial assets such as U.S. stocks and ETFs to trade on the blockchain.
Users can deposit those tokens as collateral to trade cryptocurrencies on margin.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.