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Binance bStocks AUM has now surpassed a new milestone 888000000 USD, with its collateral functionality becoming available to all users
BlockBeats reports that October 14，Binance announced that bStocks’ assets under management (AUM) have surpassed 888000000 USD. Users can now use eligible bStocks stock tokens in Cross Margin and Unified Margin accounts, further expanding collateral options and improving capital-use flexibility. As of now, bStocks supports 95 types of stock tokens as collateral. bStocks is expanding the use of stock tokens from asset holding to scenarios including collateral and leveraged trading, helping users and institutions improve capital efficiency and further connecting traditional equity assets with the crypto-finance ecosystem.
In addition, starting September 21, bStocks collateral and related leveraged-trading functionality will become available to Regular,VIP 1 and VIP 2 accounts. Previously, this functionality was available only to users at VIP 3 and above. This adjustment means that more users can use bStocks for related collateral and leveraged trading after meeting requirements such as suitability assessment. To strengthen asset protection,Binance is introducing additional risk-control measures for Regular users,VIP 1 and VIP 2 accounts. Before using bStocks as collateral or conducting related leveraged trading, these users must complete a suitability assessment questionnaire.
Original link https://m.theblockbeats.info/flash/371691