Binance Expands into U.S. Equities with Commission-Free Trading
- Binance will offer access to over 7,000 U.S. stocks and ETFs for non-U.S. users with $0 commissions.
- Users can buy fractional shares starting at $5 using USDC, USDT, and BNB.
- The service is facilitated through broker-dealer Nest Trading and Alpaca Finance handles custody and corporate actions.
- Binance plans to launch “bStocks,” allowing tokenized equities on the BNB Chain.
- Tokenized equities could enhance settlement speed compared to traditional trades.
Binance’s move into U.S. equities marks a significant step beyond its core cryptocurrency offerings, aiming to reduce barriers for international investors accessing the U.S. stock market. This initiative aligns with Binance’s strategy of becoming a “multi-asset financial super app.”
By offering commission-free trading on thousands of U.S stocks and ETFs, Binance provides a more accessible entry point for global investors while paving the way for future tokenized equity offerings through bStocks on BNB Chain.
