#bstockscis
I logged into Square today and immediately saw 10 new bStocks. $ASMLB , $NFLXB , $SMCIB and a few more were added on August 5. The list is still not slowing down.
But what’s more interesting isn’t the new tickers themselves, but what’s changed under the hood. Now you can use them as collateral for Cross Margin and Portfolio Margin.
That is, you hold a bStock long-term, and at the same time it works as collateral for other trades, instead of just sitting there as dead weight.

Honestly, it’s worth pointing out a nuance, because they stay quiet about it: access to the collateral requires VIP 3 and above, and it isn’t available in every region—check yours. Loans against these tokens are not available yet; you only get collateral. Not “for everyone, all at once,” as some people claim.
Also, for all the new pairs there are zero maker fees until August 31, and this is probably the real reason why the volumes this week will jump.

It seems that bStocks have stopped being just “buy exposure to a stock” and have become something you can build a strategy around. It’ll be interesting to see who actually uses the collateral, and who just watches the new tickers
@BinanceCIS #bStockCis
How do you use the new bStocks?