Binance explores stock access in Hong Kong, South Korea, Taiwan and Brazil
Binance co-CEO Richard Teng says the exchange is exploring stock access in four markets as it pushes beyond crypto into tokenised equities and AI trading.
Why it matters: Binance's push into equities shows the largest crypto exchange widening its business as crypto prices sit below 2025 peaks, with rivals Coinbase and OKX making similar moves.
Key points
- Binance co-CEO Richard Teng said on X that the exchange is exploring stock access in Hong Kong, South Korea, Taiwan and Brazil.
- Binance's tokenised US stocks passed $1bn in assets under management in roughly four months, the first such product to reach that level.
- Rivals Coinbase and OKX are also adding equities, with OKX working with Intercontinental Exchange, owner of the New York Stock Exchange.
Teng wrote on X that many users ask for the top stocks in those markets and that Binance is listening and exploring how to widen stock access globally. The plan remains exploratory, Bitcoin.com News reports.
The move fits a wider shift across the exchange industry. Binance introduced tokenised US stocks in 2026 and the product recently passed $1bn in assets under management in roughly four months, which the outlet describes as the first tokenised equity offering to reach that milestone. Teng has framed the diversification as a way of weatherproofing the business while crypto prices stay well below their 2025 peaks, pressuring transaction-driven revenue.
Rivals are pursuing similar strategies. Coinbase has added stocks, perpetual futures and prediction markets under an everything exchange approach, while OKX is developing tokenised US equities through a venture with Intercontinental Exchange, the owner of the New York Stock Exchange. A 2025 World Bank report cited by the outlet estimated about 1.3 billion adults still lack formal bank accounts.
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