Binance: 40% of Tokenized US Stock Trades Are Off-Hours
Binance CEO Richard Teng said more than 40% of trading in tokenized US stocks on Binance takes place outside Wall Street’s regular hours, reflecting demand from international investors for round-the-clock access. Binance says it has more than 330 million users and offers about 1,000 US stocks in tokenized form. Binance tokenized US stocks let traders respond to company news and hedge positions across time zones, though the figure does not establish how large this market is relative to traditional US equity trading.
Teng also said Binance has expanded into pre-IPO contracts linked to private companies such as SpaceX and Anthropic. He identified limited company information and uneven price discovery as challenges for these products. He argued that clearer US rules, including proposed market-structure legislation, would support institutional adoption and further development of tokenized assets. Nasdaq has announced plans for a 23-hour, five-day trading schedule, but existing clearing and brokerage structures remain barriers to continuous trading.
Neutral
The report points to growing interest in tokenized equities and around-the-clock trading, but it does not announce a new asset listing, major capital commitment or change to crypto-market rules. Its direct impact on Bitcoin and other digital-asset prices is therefore likely limited. Traders may see modest interest in Binance and tokenization-related projects, but the reported 40% figure concerns activity in tokenized US stocks, not the broader crypto market, and provides no comparison with total trading volume.
In the short term, the comments could draw attention to tokenized assets and prompt traders to monitor Binance product activity and regulatory headlines. The figure alone is unlikely to materially alter market stability. Over the longer term, clearer US market-structure rules and stronger information standards for pre-IPO products could encourage institutional participation and expand the market for tokenized securities. That outcome depends on legislation, implementation, liquidity and investor protections; setbacks or regulatory uncertainty could constrain adoption. Unlike a sudden regulatory approval or a major institutional purchase, this is primarily a statement about demand and industry direction, supporting a neutral overall market view.