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Binance launches over 7,000 US stocks and ETFs for traders outside the United States amid super app push

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Binance adds over 7,000 US stocks and ETFs for traders outside the United States amid super app push.

Binance launched trading for more than 7,000 U.S.-listed stocks and exchange-traded funds for customers outside the United States on Monday.

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Summary

The world's largest cryptocurrency exchange by volume is offering zero-commission trades with fractional share purchases starting at $5. Broker-dealer Nest Trading will arrange the share purchases, while New York-based Alpaca will handle custody, dividend payments, and corporate actions, Fortune reported. Co-CEO Richard Teng told the outlet that U.S. equities represent well over half of the global market but remain costly and difficult to access for investors in many overseas markets. Binance also announced bStocks, a forthcoming feature that will allow users to convert their equity holdings into tokenized assets on the BNB Chain.

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