Binance bStocks have overtaken Kraken xStocks in tokenized stock market value
Binance’s bStocks has surpassed Kraken’s xStocks to become the second-largest issuer of tokenized stocks by value, according to recent data from Token Terminal. As of Tuesday, bStocks held a value of $610.6 million, closely followed by xStocks at $601.2 million. This growth occurred less than two months after the launch of bStocks.
As Binance’s bStocks platform continues to attract users and listings, it has positioned itself as a significant player in the growing tokenized stock market, ahead of Kraken’s xStocks and another notable participant, Ondo Finance.
Written by Rebecca Shaw
Industry Desk
