Binance’s U.S. stock-trading service accumulated over $400 million in assets under management within its first week of launch, the exchange reported. The figure includes cash and securities held in customer accounts and marks a rapid start for the offering.
First-Week Growth
The service, which began operations last week, allows users to trade U.S. stocks. The $400 million in assets under management was reached in seven days. Binance has not disclosed the number of active users or the volume of trades executed during that period.
Assets under management, or AUM, is a standard metric for measuring the total market value of investments a firm manages. The milestone signals early demand from Binance’s existing user base for stock trading alongside its cryptocurrency services.
Binance has not provided further details on the service’s features or future plans. The offering continues to operate as part of the company’s U.S. business.
