Binance also added 10 bStocks tokenized securities as a limit, the second increase in four days. The list includes Alphabet (GOOGLB), Coinbase (COINB), and the triple semiconductor symbol SOXLB.
The push boosts interest for a product whose first month brought in $193.3 million in weekly admissions and reveals a tepid, technical demand.
Binance bStocks Collateral Push Builds on $193 Million Weekly
According to the announcement of the exchange, eligible users can send the tokens as collateral under the terms and conditions of the account. Renting is not supported, and access is only available to VIP 3 and above in authorized locations.
The group also includes DRAMB, the benchmark memory-sector ETF, and it arrives four days after the additional 15 announced on. Square. These include NVIDIA (NVDAB), Tesla (TSLAB), and SpaceX (SPCXB), which bring the bStocks eligible for 25 tokens.
The increase takes the opening month a lot. Binance research also reported that $193.3 million was added to users for the week to July 1. However, that figure was down 15% from $227.3 million in the previous week.
Binance he says users have earned more than $1 billion in US assets since then opened US stock trading on June 1, with approximately 73% of shareholders in emerging markets.
“Binance launched direct stocks on June 1, giving users access to more than 7,000 US stocks and ETFs, next to their crypto. Just 30 days after the launch, users found more than $1 billion in US equities on Binance, while generating nearly $3 billion in trading volume. decades.”
Follow us on Xto hear the latest news as it happens
Warning Signs Behind the Number Plate
Binance data shows great stability. Technology took in $159 million, or 83% of the total, in the latest weekly report. Binance Research called the report “From Arrows to Memory” after the transition from security to memory and chip names.
The pattern runs deeper than a week. Tech accounts for 71% of total sales, while semiconductors alone capture 48% of the share. So far, more than 700 of the more than 7,000 items have been sold, about 10% of the listings.
Against this background, accepting SOXLB (triple-leveraged semiconductor symbol) as a collateral appears bold. The index tracks a 3x leveraged semiconductor ETF, so a chip drop can hit both positions and their collateral.
In addition, bStocks has already repaid debt through a tokenized stocks collateral market on BNB Chain.
Competition raises other questions. Ondo controls about $870 million of the estimated $1.08 billion tokenized stock marketthe best looking part of bStocks.
Systematic tension also increases stress. Binance entered record weekly crypto exchange of $ 1.23 billion as the rules of the EU Markets in Crypto-Assets (MiCA) held.
Financial growth can increase bStocks’ revenue, but it can also put a premium on a small number of businesses that are changing. With the weekly income already freezing, the following reports should reveal the trend.
A note Binance Raises BStocks After $193 Million First, But Warning Signs Are Emerging appeared for the first time BeInCrypto.
