Binance made four tokenized stocks eligible margin collateral on October 7: JPMorgan Chase (JPMB), Eli Lilly (LLYB), Securitize (SECZB) and StablecoinX (USDEB). Spot trading in the same four opened at 12:00 UTC. It is the sixth batch since September 9 and brings the total added as collateral in that span to 19.
Binance calls these tokens bStocks. Its notices say they are issued by BTech Holdings Limited, a Binance group affiliate, under a prospectus approved in Abu Dhabi Global Market. They are certificates representing financial instruments, not shares, and they are not offered in the United States. A holder can convert an underlying stock into its bStock one to one with no conversion fee.
What Binance changed on October 6 and 7
On October 6, Binance Futures launched four USDT-margined perpetual contracts on stocks: USDEX, VKTX, MCD and AKAM. They opened at 09:00, 09:05, 09:10 and 09:15 UTC with up to 20x leverage and round-the-clock trading. Funding settles every eight hours and is capped at plus or minus 2 percent. USDEX tracks the shares of StablecoinX, the company whose stock the USDEB bStock mirrors a day later.
On October 7, the four bStocks opened against USDT on spot at 12:00 UTC. Withdrawals opened at 13:00 UTC, and maker fees are zero through October 31. At 12:00 UTC the tokens also became collateral under Cross Margin, Portfolio Margin and Portfolio Margin Pro. Binance's notice adds that borrowing is not currently supported, and it gives no collateral ratios for the new tokens. Bitcoinist reported the collateral change the same day.
The batches have followed a rhythm. Binance added bStocks as collateral in groups of two, one, two, three, seven and four tokens between September 9 and October 7. Five of the six notices came on a Wednesday, which suggests a weekly review. Binance has not described its process.
Who can use them, and how much they count
The eligibility rules shifted along the way. Notices of September 9, 14, 16 and 23 said the feature was for VIP 3 and above. On September 21, Binance said bStocks collateral was open to all Cross Margin and Portfolio Margin accounts, with extra risk controls for Regular, VIP 1 and VIP 2 accounts. Those users must pass a suitability questionnaire first. Binance edited its September 30 notice the same day to say all eligible users qualify, and the October 7 notice repeats the questionnaire rule.
A collateral ratio is the share of an asset's market value that Binance counts toward margin. At 50 percent, half the value counts. On October 9 at 06:00 UTC, Binance will lift the ratio for CRCLB and MSTRB from 50 percent to 60 percent. Both tickers carry the bStocks B suffix, and Binance's June 23 notice lists MSTRB as the Strategy bStock. The same update moves five crypto tokens.
| Asset | Ratio before | Ratio after |
|---|---|---|
| CRCLB | 50% | 60% |
| MSTRB | 50% | 60% |
| BCH | 50% | 60% |
| ENA | 50% | 60% |
| ONDO | 50% | 60% |
| WCT | 30% | 10% |
| MASK | 10% | 30% |
Higher ratios let the same holdings support more margin, which leaves less cushion if the token's price gaps. These tokens trade around the clock while the underlying shares trade in set sessions. Binance's notices link a separate index-price methodology for bStocks collateral, which we did not review. Treat the ratios as risk settings that Binance can change, not as properties of the stocks.
What it changes for the MARSCOIN page
The same bStocks line feeds a memecoin listing we track. SPCXB, the SpaceX bStock, opened for spot trading on Binance on June 12 at 17:00 UTC. Our MARSCOIN page could not find documentation of what SPCXB is or who issues it. Binance's notices supply the answer: it is a bStock, issued by BTech Holdings Limited.
Backfill entry The notices dated June 12 and September 28 are older than 72 hours. We include them because they document the SPCXB reward.
The September 28 notice sets the terms. Binance will pass on the SPCXB that the MarsCoin project allocates on-chain and add 30 percent of MARSCOIN spot trading fees, paid in SPCXB. It takes one random snapshot a day, and only daily holdings above 10,000 MARSCOIN count. Alpha holdings are excluded. Users need KYC, an eligible jurisdiction and bStocks access.
Eligible holdings count from September, with the first distribution in early October and each month fully paid by the start of the next. Binance's news feed shows no distribution notice through October 7. The notice sits in the news feed, not the new-listing feed, so a check of listings alone would miss it.
What to watch:
- October 9 at 06:00 UTC, when the collateral ratios change.
- A distribution notice for MARSCOIN holders, due in early October by Binance's own timeline.
- October 31, when zero maker fees end on the four new pairs.
Nothing here is trading advice.
