Binance launched trading for more than 7,000 U.S.-listed stocks and exchange-traded funds for customers outside the United States on Monday.
The world's largest cryptocurrency exchange by volume is offering zero-commission trades with fractional share purchases starting at $5. Customers can fund positions using USDC, USDT, BNB, or a handful of other digital assets, according to an official announcement.
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. The exchange is positioning the product as a direct answer to that gap.
Binance also announced bStocks, a forthcoming feature that will allow users to convert their equity holdings into tokenized assets on the BNB Chain.
The exchange said the product will provide near-instant settlement compared to the one-day-plus clearing timelines of conventional stock trading, and that the tokens could be used in DeFi applications, including lending and liquidity provision. Binance said bStocks will become available in the coming weeks.
Tokenized equities are already a multi-billion-dollar market heading into the launch.
Daily trading volume across tokenized stocks and ETFs hit an all-time high of $3.57 billion on May 19, according to The Block's data dashboard, with Binance and Hyperliquid accounting for the majority of that activity.
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Amid the boom, other exchanges have moved in a similar direction. Kraken and Robinhood have each launched tokenized equity products over the past year, though Binance says its version will allow users to initiate the tokenization process themselves.
The launch marks Binance's most substantive equity push since it shut down an earlier tokenized-stock program in 2021 amid regulatory pressure in Germany, Hong Kong, and other markets. The exchange re-entered the space in February, reportedly listing ten tokenized U.S. stocks and ETFs via a partnership with Ondo Finance.
The stock-trading rollout is also squarely in line with the super-app vision Teng laid out in an in-depth interview with The Block in April.
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