Binance Expands bStocks Offering, Adds Microsoft and Meta

Binance, the world's largest cryptocurrency exchange, has expanded its bStocks offering by adding tokenized shares of major companies including Microsoft (MSFT), Meta (META), and Palantir (PLTR). The service allows investors to trade US equities represented by digital tokens on the blockchain.

The Product

bStocks are fully-backed tokenized US stocks traded on the Binance Smart Chain (BSC). The service enables users to buy and sell fractional shares without a traditional broker.

Pricing and Availability

The new bStocks are available for trading immediately on Binance. Each token is priced at the equivalent of the underlying stock's US market price, with standard trading fees. Users can purchase fractional amounts starting from 0.01 shares.

Competition

Binance faces competition from platforms like FTX (which previously offered stock tokens) and DeFi platforms, but remains the largest in terms of liquidity and user base. Adding such high-profile stocks strengthens its position.

Potential Impact on Binance

This expansion could boost Binance's trading fee revenue and attract new investors seeking exposure to US equities through crypto. It also further bridges traditional and decentralized finance.