| Binance is considering offering exposure to stocks from markets including Hong Kong, South Korea, Taiwan, and Brazil as the worldβs largest crypto exchange pushes beyond digital assets and seeks to become an all-in-one trading platform, co-CEO Richard Teng told Fortune. In 2026, Binance introduced trading in tokenized U.S. stocks and commodity derivatives, including precious metals and oil. The exchange also rolled out pre-IPO perpetual futures contracts settled in USDT, a U.S.-dollar-linked stablecoin, giving traders the ability to speculate on the expected valuation of private companies like Anthropic. Sitting behind this shift is a slump in digital asset prices. Bitcoin and other cryptocurrency prices remain far below the highs reached in October 2025. Coinbase, for example, posted a net loss of $359.5 million in Q2 2026, its third consecutive quarterly net loss, as transaction revenue declined. Several cryptocurrency exchanges, including Binance, are transforming themselves from apps devoted to coins like Bitcoin and Ethereum into platforms that can handle different asset classes. Traditional financial companies are embracing digital assets, while crypto platforms must accept clearer rules to attract institutional money. Read more [paywall removed for Redditors]: https://fortune.com/2026/10/13/crypto-binance-co-ceo-richard-teng/?utm_source=reddit/ [link] [comments] |
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