Binance is expanding its traditional finance offering with options trading on more than 1,000 US stocks and exchange-traded funds (ETFs) for eligible users outside the United States.
The options will be provided through Nest Trading, Binance’s Abu Dhabi-regulated broker-dealer. Orders will be routed to US-registered Alpaca Securities for execution, clearing, settlement and custody.
The launch builds on Binance’s existing equities offering, which covers more than 7,000 US stocks and ETFs. It also expands the range of traditional financial products available through the cryptocurrency platform.
Unlike equity-linked perpetual futures, Binance’s options will be physically settled. Users who exercise an option will therefore receive or deliver the underlying shares.
Binance said the expansion follows a sharp increase in demand for traditional financial products on its platform. Trading volume for TradFi perpetual futures reached about $433 billion in August, approximately 15 times January’s total.
Tokenized stock market expands as exchanges add new products
The onchain stock market has grown significantly over the past year as cryptocurrency exchanges and traditional brokerages broaden their tokenized equity offerings.
Tokenized stocks now represent about $2.6 billion in distributed value, up from roughly $346 million at the same time last year, according to RWA.xyz data. Monthly transfer volume has increased 93% over the past 30 days to $25.1 billion, while the number of holders has risen 157% to nearly 2.5 million.
Last week, Coinbase brought its B20 tokenized equities to Base, giving eligible users outside the US 24/7 access to onchain versions of companies including Apple, Nvidia, Meta and Alphabet. The assets can also be integrated with decentralized finance protocols for applications such as trading and collateralized borrowing.
Kraken expanded further into equities in August by giving eligible European customers access to more than 7,000 US-listed stocks. The offering sits alongside the exchange’s growing range of tokenized xStocks.
In July, US online brokerage Robinhood launched Robinhood Chain and introduced a new generation of Stock Tokens for eligible users in more than 120 countries.
