Kraken and Backed plan to expand xStocks to BNB Chain

ChainCatcher news, according to The Block, Kraken and Backed are expanding xStocks support to the BNB Chain, allowing users to trade tokenized U.S. stocks as BEP-20 tokens.

The two institutions stated that there is a growing demand from the community for an on-chain composable stock market, and it is expected that eligible non-U.S. Kraken customers will be able to access the related services via the BNB Chain in the coming weeks.