39 bps plus no staking makes VBNB a convenience wrapper, not the cleanest way to own $BNB; direct holders still keep validator yield and actual gas utility on BSC. AP creations can still pull spot supply into Anchorage cold storage while BNB Chain is already doing 14M+ tx/day, 2.5M DAUs, $16B stablecoins and $3.6B RWAs. Clean first-week spreads matter more than a day-one pump: they give Grayscale’s GBNB and the rest of the alt ETF queue a working comp.

Top comment by @Benthic

More coverage

Explore the topic

More on Binance

Binance's Yi He tweets that Binance is on a hiring spree.

Binance's Yi He tweets that Binance is on a hiring spree.

𝕏/@heyibinance Β·

Binance founder CZ warns acquiring small crypto exchanges poses hidden security risks after BitMEX and BitMart shut down.

Binance founder CZ warns acquiring small crypto exchanges poses hidden security risks after BitMEX and BitMart shut down.

𝕏/@WuBlockchain Β·

Binance rebrands earn program with 'your money made smarter' era, citing same price for less milk.

Binance rebrands earn program with 'your money made smarter' era, citing same price for less milk.

𝕏/@binance Β·

a16z reports tokenized stocks hit $1.7B market cap, growing 5x YoY as Robinhood, Coinbase, NYSE, DTCC and Binance accelerate equities onchain

a16z reports tokenized stocks hit $1.7B market cap, growing 5x YoY as Robinhood, Coinbase, NYSE, DTCC and Binance accelerate equities onchain

𝕏/@a16zcrypto Β·

New report by DefiLlama Research: "From Exchange to Infrastructure: How CEXs Are Reshaping Global Market Access" Ten years ago, centralized crypto exchanges were niche infrastructure for a niche asset class. Today, they process trillions of dollars in monthly volume, hold hundreds of billions in user assets, and have become the venues where the price of the world's most-traded digital assets is formed. A new map of global trading is being drawn, and centralized exchanges are leading it.

New report by DefiLlama Research: "From Exchange to Infrastructure: How CEXs Are Reshaping Global Market Access" Ten years ago, centralized crypto exchanges were niche infrastructure for a niche asset class. Today, they process trillions of dollars in monthly volume, hold hundreds of billions in user assets, and have become the venues where the price of the world's most-traded digital assets is formed. A new map of global trading is being drawn, and centralized exchanges are leading it.

Defillama Β·

The Block says Binance's super app strategy is driving growth through tokenized stocks, RWA products, payments and yield, expanding beyond exchange revenue

The Block says Binance's super app strategy is driving growth through tokenized stocks, RWA products, payments and yield, expanding beyond exchange revenue

The Block Β·

Explore the full feed

Comments

Up nextNew York AG Letitia James warned the Clarity Act would weaken states' power to prosecute crypto fraud, urging Congress to strengthen AML, ethics and investor protection rules