Stocks on Binance
Buying Stocks on Binance: Which Products Give You Real Shares
Direct US stocks are the only Binance stock product that makes you the beneficial owner of shares. bStocks and Ondo tokens follow the price without full shareholder rights, stock perpetuals are leveraged contracts, and options cap your loss at the premium.
If you want to own shares through Binance, direct stocks is the product to look at. As of October 2026 it is the only one of Binance's five stock-related products that makes you the beneficial owner of real shares: a broker holds them in its name on your behalf, and the dividends and voting rights are yours. The other four (bStocks, Ondo tokenized securities in Binance Alpha, stock perpetual futures and stock options) follow a share's price in different ways, and only two of them can end with a share in your account. Binance's June 2026 blog post on stock trading describes direct stocks as "the only product described here that provides beneficial ownership of shares."
Direct stocks put real US shares in your account
Direct stocks launched in June 2026 with more than 7,000 US-listed stocks and ETFs, paid for with stablecoins (USDT, USDC, $U, FDUSD and DAI) or BNB, per the launch post. Binance is not the broker here. Your order goes to Nest Trading Limited, the introducing broker, which passes it to Alpaca Securities LLC for execution, clearing, settlement and custody.
Because you are the beneficial owner, you receive dividends and can vote, and your position is adjusted automatically for corporate actions such as share splits.
The account your shares sit in is about to change name. The Funding Account keeps that name until January 2027, when it becomes the Stocks Account, which holds only US stocks, stock options and six settlement currencies. If you also deposit crypto, the change decides which account your crypto deposits should go to.
bStocks are tokens you can swap for the share
A tokenized stock is a crypto token built to follow the price of a listed share, while the share itself is held elsewhere. bStocks are Binance's version, issued by BTech Holdings Limited, a special purpose vehicle (a company set up just to issue these tokens) registered in the Abu Dhabi Global Market (ADGM). Count them as tokens, not shares ("bStocks are not stocks or shares," per the bStocks FAQ).
Holding a bStock gives you the price movement of the underlying share but no vote and no cash dividend. Dividends are reinvested through a mechanism Binance calls the Multiplier: the number of tokens on-chain stays the same, while the balance shown in your app goes up. If you want the real share, the Token Conversion function swaps eligible bStocks for the underlying stock through Nest Trading Limited.
Whether you can buy them depends on where you live. The original offer is made only under an approved prospectus in ADGM. Outside ADGM, bStocks are open to eligible users in certain jurisdictions on a secondary-market basis, meaning you buy tokens from other users on Binance Spot (which runs 24/7), not from the issuer. US persons are excluded either way.
Ondo tokenized securities sit inside Binance Alpha
Ondo tokens are a second kind of tokenized stock, issued by Ondo, not Binance. In the app you find them under Markets > Alpha > Tokenized Securities, and you pay with the balance already in your Binance account. Once bought, they show under Assets > Alpha. Under the rules of the FSRA, the ADGM financial regulator, they count as structured products, meaning investment products whose value is tied to another asset (February 2026 announcement), and they don't carry all shareholder rights. Voting is one of the rights you give up.
Dividends are reinvested into the underlying security, not paid out. If you trade them, note the timing rules in the Ondo FAQ: market orders run Monday to Friday in set sessions and stop on weekends and US holidays, while limit orders can be placed 24/7.
Stock perpetual futures are leveraged contracts on the price
A perpetual is a futures contract with no expiry date. You trade the price of a share and never receive the share. As of October 2026, Binance's dividend adjustment FAQ groups these contracts as US Equity, KR Equity, HK Equity and CN Equity, covering US, Korean, Hong Kong and Chinese stocks. When the underlying share pays a dividend, holders of short positions pay holders of long positions through a special funding settlement, so a long position gets the economic effect of the dividend without owning anything in the company.
Understand leverage before you trade these. Futures are traded on margin: you put up collateral and control a position larger than that collateral, so a small move in the share price becomes a much larger gain or loss on the money you put in. If losses push your collateral below the maintenance margin, Binance closes the position for you. That is liquidation, and the liquidation FAQ adds that part of the remaining collateral is charged as a liquidation clearance fee. You can lose the whole margin on a position this way, even if the share later recovers.
Stock options cap your loss at the premium
An option gives you the right to buy (a call) or sell (a put) a share at a set price, the strike price, before a set date. You pay a premium for that right. Binance launched stock options in a September 2026 announcement, and you can only buy calls or puts, not write (sell) new ones. The most you can lose is the premium you paid.
A call is in the money when the share trades above the strike price, so exercising it lets you buy below the market. Exercise an in-the-money call on Binance and you receive real US shares, held by Alpaca. Exercise is not automatic. The stock options FAQ warns that if you neither close the option nor submit a valid exercise request, "it may expire, even if it is ITM, and you lose the full premium paid." Put a reminder in your calendar before the expiry date of anything you hold.
Before your first options trade you must complete an options suitability quiz and sign a disclaimer.
How the five products compare
| Product | What you hold | Real shares? | Dividends | Where you find it |
|---|---|---|---|---|
| Direct stocks | Beneficial ownership of US shares, held by Alpaca | Yes | Paid to you | Spot |
| bStocks | A token issued by an ADGM vehicle | No, but you can convert eligible bStocks | Reinvested through the Multiplier | Binance Spot |
| Ondo tokenized securities | A tokenized structured product | No | Reinvested | Markets > Alpha |
| Stock perpetual futures | A leveraged derivative contract | No | Shorts pay longs through funding | Binance Futures |
| Stock options | A call or put you bought | Only if you exercise a call | None while you hold the option | Options tab on a US stock's chart page |
If owning the company is the point, the first row is the only one that does it from day one. The token products suit someone who wants price exposure inside a crypto account, and the last two are for trading price moves, with very different risk: an option can cost you its premium, while a leveraged perpetual can cost you your margin.
Where are these products available?
Binance has not published a country list for any of the five. Direct stocks are for eligible users only, Ondo tokens and stock options carry a notice that they may not be available in your region, and tokenized securities, bStocks included, are not offered to anyone in the United States or to US persons.
Your own account is the reliable check, and it needs sign-up and ID verification done first. If you don't have an account yet, you can sign up on Binance (this is our referral link, code BNB981; we may earn a commission if you register through it).
Once you're verified, look in Markets > Alpha for a Tokenized Securities section, check Spot for bStocks pairs, and open a US stock's chart page to see whether an Options tab sits between Overview and Financials. A missing entry, or a notice that the product isn't offered where you live, is your answer. Don't try to get around it with a different location or someone else's details.
Frequently asked questions
Do bStock prices move when the US market is closed?
Yes. bStocks trade around the clock on Binance Spot, so outside US market hours the price comes from buyers and sellers on Binance rather than from the stock's last closing price. It can drift from where the share reopens.
When can I trade Binance stock options?
Only during US options market hours, generally 9:30 a.m. to 4:00 p.m. Eastern Time, with some ETF and ETN options running until 4:15 p.m., per the stock options FAQ. Unlike bStocks, they don't trade on weekends.