PANews October 14 news: Binance announced that bStocks assets under management (AUM) have surpassed $888 million. Currently, users can use eligible bStocks stock tokens in cross margin accounts and unified margin accounts, further enriching collateral options and enhancing capital efficiency. As of now, bStocks supports 95 stock tokens as collateral. bStocks is expanding the use of stock tokens from asset holding to scenarios such as collateral and leveraged trading, helping users and institutions improve capital efficiency and further connecting traditional equity assets with the crypto financial ecosystem.
In addition, since September 21, bStocks collateral and related leveraged trading functions have been further opened to Regular, VIP 1, and VIP 2 accounts. Previously, this feature was only available to VIP 3 and above users. This adjustment means more users can use bStocks to participate in related collateral and leveraged trading after meeting requirements such as suitability assessments. To strengthen asset protection, Binance has introduced additional risk control measures for Regular, VIP 1, and VIP 2 accounts. The aforementioned users must complete a suitability assessment questionnaire before using bStocks as collateral or engaging in related leveraged trading.