Binance enables 1:1 conversion between stocks and bStocks
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Binance introduced 1:1 conversion between supported stocks and bStocks, and one promotion makes those conversions fee-free through Oct. 11. The feature applies to eligible users and includes limits tied to the promotion, while the conversion can also be reversed back into stock positions.
Key claims & sources
What it means
Before this change, the stock and bStock positions were not described as directly convertible in both directions. Now the same positions can be turned into on-chain tokens and back into stock positions, although the promotion still sits behind daily caps and per-user limits for four third-party tokenized securities. (per tokenpost.com)
Market reaction i
Coverage timeline
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Crypto Briefing
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