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.
