Binance hints at stock perps in push to join global tokenized equities race

Binance has signaled intentions to expand into stock trading by adding new features to its API, including endpoints suggesting the introduction of perpetual futures trading, possibly operating in traditional finance-style sessions rather than 24/7 crypto schedules. This move follows Binance's previous, short-lived tokenized stock initiative in 2021, which was halted due to regulatory scrutiny. The broader industry is seeing increased activity in tokenized stocks, with Coinbase reportedly close to launching its own offerings. However, this trend faces regulatory pushback, as Citadel Securities urged the SEC to tighten regulations on tokenized stock trading on DeFi platforms, arguing they should be regulated as exchanges or broker-dealers. Conversely, the World Federation of Exchanges (WFE) supports tokenization as a natural evolution but insists it must be done responsibly. Traditional finance players like Nasdaq are also prioritizing tokenized stock proposals, indicating a growing race in the tokenized equities space.

(Source：Cointelegraph)