Binance bStocks Rank Second in Tokenized Stocks Amid BitMart Feud
Binance bStocks grows to second-largest tokenized stock issuer; BitMart internal feud surfaces before closure.
Binance's bStocks product has become the second-largest issuer of tokenized stocks just two months after launch, according to a new Asia Express report. The report also highlights an ongoing internal dispute at BitMart that has spilled into public view as the exchange prepares to shut down.
bStocks rapid growth
Launched in early 2025, Binance's bStocks allow users to trade tokenized versions of major equities. Within two months, the platform has reportedly overtaken several established competitors to hold the number two position in the tokenized stock market, though exact trading volumes were not disclosed.
- bStocks is now the second-largest tokenized stock issuer
- Achieved the ranking within 60 days of launch
- Part of Binance's broader push into traditional asset tokenization
BitMart internal feud and closure
Separately, the Asia Express report details a public dispute involving BitMart's founder and other company insiders. The conflict has intensified as the exchange moves closer to its planned closure, with allegations and counterclaims circulating in Asian crypto circles. No official statement from BitMart was included in the report.
The developments come at a time when tokenized securities continue gaining traction among major exchanges, while smaller platforms face operational pressures. Both stories highlight the shifting dynamics in the crypto exchange landscape.