Backpack Founder: Binance to Launch Real US Stock Trading on June 1, Potentially Reshaping the Brokerage Landscape
Armani Ferrante, founder of Backpack, commented on rumors that Binance may launch real US stock trading on June 1, stating that this move could reshape the entire brokerage landscape.
He pointed out that stock spot trading will enable 24/7 price discovery, with crypto-native brokers likely to offer weekend trading first, attracting retail funds from Web2 stocks into the crypto and DeFi space.
In terms of market mechanisms, crypto platforms are accelerating the integration of stock spot trading, with funds shifting from traditional weekday brokers to crypto-native platforms that support round-the-clock trading. Binance stands to benefit from cross-asset appeal and user migration, while traditional US stock brokers face increased competitive pressure.
Source: Public Information
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Armani Ferrante, as the founder of Backpack, has long been advocating for trading innovations within the Solana ecosystem. His comments continue his optimistic view on the integration of crypto and traditional finance, similar to previous expansions by crypto exchanges breaking time constraints through derivatives.
On the capital front, Binance plans to invest resources in building a real US stock spot trading channel, motivated by the advantage of 24/7 trading to connect crypto users with stock capital flows, attracting traditional retail investors to the platform and further directing them to DeFi and crypto products, creating a multi-asset high-retention loop.
Similar cases include Robinhood's expansion from stocks to crypto and Coinbase's attempt at stock token services; the crypto brokerage sector is currently in the early stages of transforming into a 24/7 comprehensive brokerage platform.
This essentially represents a restructuring of the industry chain: brokerage services are shifting from a centralized TradFi weekday focus to crypto-driven global round-the-clock spot trading, with the mechanism being the technical flexibility and user scale advantages of crypto platforms breaking down trading time barriers, thereby reshaping retail investment capital flows and shifting industry pricing power.
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Whoever breaks the trading time first will capture the funds first.
Crypto is not just an asset; it's a new trading infrastructure.
Excellent platforms sell around the clock, while traditional platforms sell during working hours.