Binance has launched commission-free trading for 7,000 US-listed stocks and ETFs. The exchange also previewed its tokenized bStocks offering with 24/5 trading.
Binance opened equities trading on its platform as part of efforts to expand into traditional finance products. The move includes access to thousands of US stocks and ETFs without commissions, according to the exchange announcements.
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The Securities and Exchange Commission is expected to release an innovation exemption for tokenized stocks as soon as this week. The move would allow equities to trade through crypto-native infrastructure such as automated market makers and stablecoins.
The Securities and Exchange Commission is developing an innovation exemption to allow crypto platforms to offer tokenized versions of stocks like those of Apple, Tesla, and Nvidia under lighter rules. The plan, part of the agency's Project Crypto initiative, is expected within the next week. It aims to keep financial innovation in the United States while addressing investor protections.
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Bitcoin traded around 63000 dollars on Tuesday as market participants eyed the upcoming SpaceX initial public offering for signs of renewed risk appetite. The cryptocurrency had dipped below 60000 last week before recovering some ground.
Hong Kong Exchanges and Clearing (HKEX) CEO Bonnie Chan Yiting and Bursa Malaysia CEO Dato Fad’l Mohamed announced collaboration plans on Wednesday in Hong Kong, covering dual listings, exchange-traded funds (ETFs) and Islamic finance. In their first major tie-up, HKEX has licensed Da Cheng International Asset Management to issue an ETF tracking the HKEX Bursa Malaysia Large Cap Index. Chan said the move underscores investor demand for cross-border products.
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BlackRock has introduced its first staking Ethereum ETF, ticker ETHB, on March 12, offering investors staking rewards previously unavailable in similar funds. Ethereum's price, trading at around $2,056, has been rising for four days but remains in a horizontal channel indicative of a bearish flag pattern. This development comes as existing Ethereum ETFs hold over $11.85 billion in assets without staking benefits.