In the first week of the Binance stock trading platform, 84% of the trading volume came from emerging markets, and assets under management exceeded 400 million USD
According to data released by Binance on Wednesday, the direct stock trading platform launched on June 1 saw assets under management exceed $400 million in its first week, with approximately 84% of the trading volume coming from emerging market users. A quarter of the users are under 25 years old, and nearly 40% of the trading amounts are below $100, with the minimum trading threshold set at just $5. About 10% of product page visitors completed registration, of which 64% placed orders, and 70% of users chose to hold positions rather than close them on the same day.In terms of industry allocation, information technology accounted for 57% of the capital inflow in the first week, with semiconductors and hardware making up about 44%. Binance Research attributes this to users' optimism about AI infrastructure. Users traded over 1,100 assets, with 124 assets each exceeding $100,000 in trading volume. The platform is open to eligible non-U.S. users for trading over 7,000 U.S. stocks and ETFs, executed through the broker Nest Trading Limited, regulated by ADGM, with Alpaca responsible for custody.