Binance: bStocks Reaches $14.7B July Volume
Binance bStocks hit $14.7B volume and 300k users by July after June 11 launch, capturing 28% share among top issuers via BNB Chain liquidity.
SourceAnalysis
Binance CEO Richard Teng highlighted how bStocks, launched June 11 as a late entrant in tokenized stocks, delivered $14.7B volume and nearly 300,000 users by July end, securing 28% share among the three largest issuers despite specialists moving first.
Price action on BNB at $704.37 shows the token holding a bullish structure above the EMA50 at $679.98 and EMA200 at $626.62, yet the MACD death cross at 5.71 signals fading momentum while RSI at 57.6 stays neutral; with price pressing the upper Bollinger band at $711.42 inside the $691.43-$711.42 range, a measured pullback toward the 50-EMA support appears likely before any extension higher on sustained BNB Chain tokenized stock flows.
Richard Teng
@_RichardTengRichard Teng is Binance CEO