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Binance makes another major push into the TradFi market after five years, expanding the number of trading pairs to 12

2 hours ago

**Binance Expands TradFi Footprint with New U.S. Stock Perpetual Contracts** On February 5, Binance took another step forward in its push into traditional finance (TradFi), announcing it will roll out U-based perpetual contracts for MicroStrategy (MSTR), Amazon (AMZN), Circle (CRCL), Coinbase (COIN), and Palantir (PLTR) starting February 9. With this addition, Binance’s stock contract market will grow to 8, while its TradFi trading targets will hit 12. The exchange recently added perpetual contract trading for Tesla (TSLA), Intel, and Robinhood stocks. Beyond U.S. equities, Binance has also launched futures contracts for gold, silver, platinum, and palladium. Notably, Binance rolled out stock tokenization products in April 2021—with Tesla as the first supported token, priced in BUSD at the time. These are synthetic assets, not actual stock trading. Due to regulatory concerns, the service was phased out starting July 16, 2021. Nearly five years later, crypto has moved toward full compliance, tokenization has emerged as crypto’s most talked-about topic in traditional finance, and users can now trade tokenized stock products on both centralized (CEX) and decentralized (DEX) exchanges.
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Robinhood Launches ZRO Spot Trading

Feb. 5: Robinhood Launches ZRO Spot Trading

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During the week ending January 31, initial jobless claims in the United States were 231,000, compared to an expectation of 212,000 and a previous value of 209,000.

On February 5th: U.S. initial jobless claims for the week ended January 31 came in at 231,000, vs. expected 212,000 and prior 209,000. (FX168)

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Brazil Aims to Ban the Issuance of Algorithmic Stablecoins and Requires Foreign Stablecoins to be Provided by a Brazilian-operated Company

Feb. 5 — CoinDesk reports that Brazil’s National Congress Science and Technology Innovation Committee has passed a bill banning the issuance or trading of algorithmic stablecoins (including Ethena’s USDe and Frax). The new legislation mandates all stablecoins issued in Brazil be fully backed by reserve assets; issuing uncollateralized stablecoins will be classified as financial fraud, punishable by up to 8 years in prison. For foreign-issued stablecoins like USDT and USDC, only firms authorized to operate in Brazil may offer them, and exchanges must verify foreign issuers comply with Brazilian regulatory standards. Per Brazilian Revenue Service data, stablecoins currently account for 90% of the country’s crypto trading volume. The bill still needs approval from multiple committees and Senate review to become law.

7 minutes ago

JPMorgan: Bitcoin's Long-Term Attractiveness Relative to Gold Rises

On February 5, JPMorgan Chase noted that Bitcoin’s long-term appeal versus gold has grown following gold’s strength and rising volatility. While cryptocurrencies have weakened recently, Bitcoin’s current trading price remains well below its $87,000 average production cost—a level historically viewed as a relative bottom. Over the long term, Bitcoin holds significant upside potential.

7 minutes ago

The European Central Bank Keeps Key Rates Unchanged, in Line with Market Expectations

On February 5th, the European Central Bank (ECB) kept its three key interest rates unchanged—aligning with market expectations—and held steady for the fifth straight meeting. The deposit facility rate, main refinancing rate, and marginal lending rate remain at 0.00%, 0.25%, and 0.50%, respectively. The ECB noted it will take a data-dependent, meeting-by-meeting approach. (FXStreet)

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DDC Increases Bitcoin Holdings for Fourth Consecutive Week, Acquires Another 105 Coins

February 5th — U.S.-listed DDC Enterprise Limited added to its Bitcoin holdings for the fourth straight week, purchasing an additional 105 coins to bring its total to 1,888. To date, the company’s average Bitcoin purchase price stands at $86,868.

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