Binance Wallet Revamps bStocks Trading Rewards, With Up to 4x Volume Credit
Summary
- Binance Wallet said it will revamp the trading-volume reward system for its tokenized stock service bStocks.
- Trading in designated bStocks from 9 a.m. every Monday to 8:59 a.m. every Saturday, Korea time, will count for up to four times the volume as Alpha trading volume.
- All bStocks trades from 9 a.m. Saturday to 8:59 a.m. Monday will receive 1x credit, and final Alpha trading volume will be calculated based on records in Binance's system.
Forecast Trend Report by Period
Binance Wallet is revamping the trading-volume reward system for its tokenized stock service, bStocks.
BlockBeats reported on August 7 that Binance announced the changes that day. The revised program will take effect at 9 a.m. Korea time on August 8.
Under the new system, trading in designated bStocks from 9 a.m. every Monday to 8:59 a.m. every Saturday will count for up to four times the volume as Alpha trading volume. Non-designated bStocks traded during the same period will receive 1x volume credit.
From 9 a.m. Saturday to 8:59 a.m. the following Monday, all bStocks trades will receive 1x credit regardless of the stock. Final Alpha trading volume will be calculated based on figures recorded in Binance's system.
Binance asked users to check the reward multiplier displayed on the screen before trading bStocks.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul