Binance, the world's largest cryptocurrency exchange, announced Monday that its users outside the US can now trade more than 7,000 US stocks and ETFs. The offering includes zero commissions and the ability to purchase fractional shares, according to Fortune.
The move marks a major step in Binance's strategy to build a "super app" that combines crypto, traditional finance, and other services. By targeting non-US users, the exchange sidesteps regulatory hurdles in America while tapping into global demand for US equities.
Fortune reports the platform supports a broad range of securities, covering major indexes and individual companies. Binance did not disclose trading volume projections or specific launch markets for the feature.
This expansion could intensify competition among retail trading platforms such as Robinhood and eToro, particularly for international customers. However, Binance still faces ongoing regulatory scrutiny in multiple jurisdictions, which may temper adoption.
Critics argue that Binance's compliance history raises questions about how it will handle securities regulations abroad. The company has not detailed its licensing or oversight framework for this new service.