Binance enables bStocks as collateral for margin trading, opening tokenized equities to millions more users

Binance just made its tokenized stocks a lot more useful. The exchange announced that bStocks, its line of tokenized US equities and ETFs, can now serve as collateral in Cross Margin and Portfolio Margin accounts for Regular and VIP 0-2 users, a feature previously locked behind VIP 3 status and above.

What changed, and who gets access

The expansion, dated September 21, 2026, effectively democratizes a feature that was previously reserved for Binance’s higher-tier customers. Before this update, only accounts classified as VIP 3 or above could pledge bStocks as margin collateral. Now the gates are open to the exchange’s broader user base.

That said, Binance isn’t handing out leverage without guardrails. New entrants must complete a suitability questionnaire before gaining access, and their positions and liquidity will be subject to ongoing monitoring designed to reduce liquidation risks. Higher-tier VIP users face fewer of these additional controls.

The supported products span Cross Margin, Portfolio Margin, and Portfolio Margin Pro, each with varying collateral ratios. One notable limitation: borrowing bStocks for margin usage remains unsupported. You can pledge them, but you can’t short them through the margin system, at least not yet.

bStocks by the numbers

For those unfamiliar, bStocks are BEP-20 tokens minted on the BNB Smart Chain, each representing 1:1 economic exposure to a US-listed equity or ETF. The actual underlying shares are held by regulated custodians under ADGM/FSRA regulation. Holders get price exposure and automatic corporate action handling, but not direct ownership or voting rights.

The product launched on June 11, 2026, and the growth trajectory has been steep. Cumulative trading volume blew past $30B within roughly 90 days of launch. Assets under management reached $500M by late July 2026.

The collateral listings include some of the market’s most recognizable names. Tesla (trading as TSLAB on the platform), NVIDIA (NVDAB), and several ETFs are among the tokens eligible for margin pledging.

Access remains restricted to permitted jurisdictions, which means US-based users and those in other restricted regions likely won’t benefit from this expansion.

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