Binance weighs stock access in markets including Hong Kong and South Korea, says co-CEO Richard Teng
Source: Fortune ·
Several cryptocurrency exchanges are transforming themselves from apps devoted to coins into platforms handling different asset classes.
From the source
Binance is considering offering exposure to stocks from markets including Hong Kong, South Korea, Taiwan, and Brazil as the world’s largest crypto exchange pushes beyond digital assets and seeks to become an all-in-one trading platform, co-CEO Richard Teng told Fortune. “We are weatherproofing ourselves,” Teng said on the sidelines of TOKEN2049 in Singapore. “A lot of our users say: ‘Hey, I want to have exposure to, let’s say, the top 10 Hong Kong stocks, top 10 Korean counters, top 10 Taiwanese, Brazilian counters.’ We’re looking at what our users demand and giving them that.” In 2026, Binance introduced trading in tokenized U.S. stocks and commodity derivatives, including precious metals and oil. The exchange also rolled out pre-IPO perpetual futures contracts settled in USDT, a U.S.-dollar-linked stablecoin, giving traders the ability to speculate on the expected valuation of private companies like Anthropic. Sitting behind this shift is a slump in digital asset prices. Bitcoin…