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      Binance bStocks AUM surpasses $888 million, collateral feature further opened to all users

      PANews, October 14 — Binance announced that the assets under management (AUM) of bStocks has surpassed $888 million. Users can now use eligible bStocks stock tokens in Cross Margin accounts and Unified Margin accounts, further enriching collateral options and improving capital efficiency. To date, bStocks supports 95 stock tokens as collateral. bStocks is expanding the use of stock tokens from asset holding to scenarios such as collateral and leveraged trading, helping users and institutions improve capital efficiency and further connecting traditional equity assets with the crypto financial ecosystem.

      In addition, starting September 21, bStocks collateral and related leveraged trading features have been further opened to Regular, VIP 1, and VIP 2 accounts. Previously, the feature was only available to VIP 3 and above users. This adjustment means that more users can use bStocks to participate in related collateral and leveraged trading after meeting requirements such as suitability assessment. To strengthen asset protection, Binance has introduced additional risk control measures for Regular, VIP 1, and VIP 2 accounts. The above users must pass a suitability assessment questionnaire before using bStocks as collateral or engaging in related leveraged trading.


      Source: PANews
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