Robinhood Adds 862,800 bStocks Holders, Tops Binance

Robinhood added 862,800 holders of bStocks in a recent two-month period, pushing its total bStocks holder count past Binance for these tokenized stock products, according to reported figures. The timeframe covered the two most recent months for which holder data was released.

bStocks are blockchain-based tokens that represent exposure to conventional equities and trade on crypto-style markets. On Robinhood, users acquire these tokens through the app’s crypto or digital-assets sections; Binance offers comparable tokenized stock products on its exchange.

The reported increase on Robinhood occurred without disclosed changes to pricing or specific product features tied to bStocks. The 862,800 new holders were sufficient to overtake Binance in total holder numbers, though exact comparative totals beyond that increase were not specified in the figures.

Operational details for tokenized stock products vary by provider and jurisdiction. Custody arrangements, settlement processes and how platforms represent legal ownership of the underlying shares differ across exchanges and brokers.

Market participants have tracked the development of tokenized equities as a distinct product category. Such tokens can allow trading outside traditional stock market hours and use interfaces similar to other crypto assets.

No official statements or direct comments from Robinhood or Binance accompanied the holder figures. The reported change reflects a shift in holder counts for bStocks between the two platforms during the two-month window.