Binance opens 1:1 fee-free conversion for tokenized stocks until Aug. 26

Binance said users can deposit eligible third-party tokenized stocks and convert them 1:1 into the matching bStocks with no fees during the promotional period running through Aug. 26 at 23:59 UTC. The exchange currently supports four assets: Tesla (TSLAon), MicroStrategy (MSTRon), Coinbase (COINon) and Circle (CRCLon), across both Ethereum and BSC (BNB Smart Chain). Once converted, the bStocks can be traded around the clock or redeemed 1:1 for the underlying stock, extending crypto-style continuous market access to tokenized equity exposure. Binance added that deposited third-party tokenized stocks can only be held or converted into bStocks and cannot be used for spot trading.

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