It’s only been 30 days, and they managed assets up to $1 billion—many people still haven’t realized how explosive this is.
Before, everyone’s understanding was: people who trade crypto don’t buy U.S. stocks, and those who buy U.S. stocks don’t touch crypto—two camps, no crossing of streams.
But Binance has proven something this time: users don’t not want to buy U.S. stocks—they’re just too lazy to go open another brokerage account just to buy stocks. When stocks, ETFs, and crypto are all put into the same account, users don’t really separate whether something is a coin or a stock. Whoever has the opportunity and whoever can make money—people buy that.
That’s also what I’ve been saying all along: what Binance wants to do was never just a crypto exchange. It’s been aiming to become a global asset super entry point.
$1 billion? That’s not even scratching the surface.
As more traditional assets get packed into crypto account systems, later on when people open Binance, their first reaction might not be to check whether BTC is up or not—it may be to quickly scan. Today, is it U.S. stocks, gold, or crypto that’s more worth going after?
Before, everyone’s understanding was: people who trade crypto don’t buy U.S. stocks, and those who buy U.S. stocks don’t touch crypto—two camps, no crossing of streams.
But Binance has proven something this time: users don’t not want to buy U.S. stocks—they’re just too lazy to go open another brokerage account just to buy stocks. When stocks, ETFs, and crypto are all put into the same account, users don’t really separate whether something is a coin or a stock. Whoever has the opportunity and whoever can make money—people buy that.
That’s also what I’ve been saying all along: what Binance wants to do was never just a crypto exchange. It’s been aiming to become a global asset super entry point.
$1 billion? That’s not even scratching the surface.
As more traditional assets get packed into crypto account systems, later on when people open Binance, their first reaction might not be to check whether BTC is up or not—it may be to quickly scan. Today, is it U.S. stocks, gold, or crypto that’s more worth going after?