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Changpeng Zhao responds to Richard Teng's observation that tokenised equities surged from 0.4% to 2.3% of the world's most-traded ETF volume in a month, highlighting 24/7 trading, low fees, and global open markets.
Southern 2x Long SK Hynix ETF (07709) saw a single-day drop of nearly 30%, highlighting the huge risk of leveraged products.
Binance's US stock trading feature reached $1 billion in assets under management within 30 days of launch, with over 70% of users from emerging markets. Tech stocks accounted for 71% of trades, with AI-related chip stocks making up nearly half, showing that crypto platforms are becoming a new gateway for emerging market users to invest in US stocks.
Binance integrates US stock trading into crypto accounts, supporting over 7,000 US stocks and ETFs. Users can manage crypto assets and stocks in the same interface, with 24/7 trading and fractional share investing, and zero trading fees.
Binance's US stock trading platform has reached $1 billion in assets under management and over $3 billion in trading volume within just 30 days of launch. Tech sector trading volume is 23 times that of other sectors, highlighting retail investors' strong preference for tech and semiconductor stocks.
Binance has launched direct trading of over 7,000 US stock ETFs, supporting USDC settlement, and will soon launch securities lending (FPSL) on June 4. Users can lend idle stocks to earn lending fees, achieving a three-tier income structure.