eToro announced it will acquire US-focused online brokerage TradeZero in a deal worth up to $231 million, aiming to accelerate its expansion into the American equities market and compete with established brokers like Robinhood.
Chinese stocks trading overseas are emerging as defensive plays for global investors, offering shelter from US equities and bonds due to Federal Reserve monetary policy confusion and a struggling artificial intelligence trade.
Crypto exchange Backpack now offers 24/7 trading for tokenized US equities like SpaceX and Micron, allowing international investors direct ownership and instant settlement in fiat or stablecoins. This move aligns with a broader trend of traditional finance embracing tokenized assets.
Binance has launched US equities trading for eligible users, offering commission-free trading on over 7,000 stocks and ETFs. The exchange plans to introduce tokenized stocks, called bStocks, in the coming weeks, pending regulatory approval, as part of its expansion into a multi-asset platform.
