Binance’s new product offering access to US stocks has attracted rapid interest, racking up an average daily trading volume of $143 million in its first nine days. According to data from CoinDesk Research, this figure surpassed the highest weekday volumes previously seen in tokenized stock spot markets, signaling a strong early demand from users outside the United States.
Over $1 billion in trading during first nine days
The platform allows eligible users outside the US to trade over 7,000 US stocks and ETFs. This service offers direct fractional share purchases, zero commission, and around-the-clock market access five days a week. Launched on June 1, 2026, in partnership with broker Alpaca under the jurisdiction of ADGM, Binance’s newest venture quickly drew considerable attention from investors around the globe.
During the first nine days, the platform saw total traded volume exceed $1 billion, with the number of daily active investors peaking at 30,700. Such figures reflect the significant appeal this new stock trading product has gained in a short period.
CoinDesk Research highlighted that Binance’s US stocks product achieved an average daily trading volume of about $143 million within nine days, clearly surpassing the peak weekday spot market volumes recorded in tokenized stock trading.
Previously, the highest weekday trading volume in tokenized stock spot markets ranged between $35 million and $40 million. Binance’s newly launched product has notably exceeded this benchmark since opening up its access to global users.
Crypto trading volumes still dominate
While the new stock product has made a splash, Binance’s primary liquidity engine remains firmly rooted in crypto. The platform’s combined daily volume from spot and derivatives markets in cryptocurrencies sits at around $52 billion, outpacing its stock product by roughly 364 times. This disparity underscores the vast difference in market scales between crypto trading and equity-linked offerings.
The data further illustrated broad market reach: Binance’s stock product features over 7,000 shares and ETFs, whereas the entire tokenized equity ecosystem includes only about 200 tokens available across competing platforms.
Stock demand spreads across diverse products
Tokenized stocks have long allowed users to access US equities through crypto-native infrastructure. There are over 200 such tokens with a combined market cap of nearly $1 billion, but their distribution is fragmented due to multiple issuers and smaller exchanges limiting their reach compared to Binance’s mainstream rollout.
CoinDesk Research also observed renewed activity in equity-linked perpetual futures contracts. These instruments provide synthetic price exposure not only to equities but also indices, commodities, and pre-IPO companies, deepening investors’ cross-market opportunities.
Mini glossary: Perpetual futures are derivative contracts with no expiration date. Synthetic price exposure allows investors to take positions based on the price movements of an underlying asset without actually owning it.
In May, equity-linked perpetual contracts made up just 10% of TradFi perpetual derivatives at the start of the month but grew to 40% by month’s end. While spot tokenized stocks and these contracts are distinct, both areas show a growing appetite among users to access US equities via crypto-based platforms.
Sector trends emerge in trading patterns
Interest in Binance’s real-stock offering has gravitated toward semiconductor and AI hardware companies. Six out of the top 10 most-traded stocks were from the semiconductor sector, with the top five accounting for 43% of total volume. Marvell stood out, representing nearly 15% alone.
Tokenized stock platforms exhibited different trends, with stocks of crypto-focused companies like Coinbase, Robinhood, and MicroStrategy taking the lead. The data suggest that spot tokens, perpetual contracts, and traditional stock products each appeal to distinct investor segments, all within a rapidly expanding digital securities market.
