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Crypto

Binance adds 10 tokenised stocks including ASML and Netflix, expanding RWA market

Binance has expanded its tokenised stock product line, bStocks, by adding 10 new items to its spot market, including tokens linked to ASML, Netflix and Super Micro Computer. Trading starts at 1200 UTC on Aug. 5 and spot algorithmic trading bots are supported. Binance will offer fee waivers for conversions for one hour after listing and run a zero maker-fee campaign through Aug. 31. It also offers 1-to-1 conversion from underlying shares.

Crypto

Kraken starts forced sale of 7 delisted tokens, warns proceeds could be zero if liquidity thin

Global cryptocurrency exchange Kraken has begun automatically selling remaining user holdings in seven delisted tokens after users can no longer withdraw or dispose of them. The sales run from Aug. 3 to Aug. 7 local time and cover PLANCK, AIR, MICHI, FLY, ANLOG, TERM and STRD. Kraken warned some assets trade in limited markets or are effectively inactive, so sales may execute far below displayed prices and could yield little or no proceeds. It did not disclose execution venues, order, fees or spreads.