Just solana:BPxxfRCXkUVhig4HS1Lh7kZqV6SPJhzfEk4x6fVBjPCy things
Give it some more time and @Backpack will become the home of finance for many users: wallet, crypto spot and perps, real stocks and perp stocks, on/off ramp, prediction markets, cards and your own bank account available, everything under the same app.
@HotHeadsNFT@SolanaCoach I would congratulate @SolanaCoach for this, but I think HH just added one of the most valuable people around here, so I will congratulate both of you 🫡
If you need an invite to try @Backpack stocks, let me know and I will share some codes with you!
If you are not registered, feel free to sign up with my code and get up to 50% discount in your fees: https://t.co/dBL0MqemiB
<Both let you buy stocks. Only one gives you real ownership.>
Backpack (@Backpack) and Binance both opened stock trading days apart, but the structures differ sharply. For real shares, both ultimately settle at DTCC.
The difference is the path. Backpack runs its own U.S.-regulated broker-dealer connected directly to DTCC with one intermediary, while Binance is just the interface, routing through Nest Trading and Alpaca, which is the actual DTCC member, across three intermediaries.
The deeper split is the token itself. Backpack tokenizes real, DTCC-settled shares on Solana with genuine ownership under UCC Article 8, whereas Binance's bStocks are minted synthetically on BNB Chain, never touch DTCC, and confer no direct ownership.
In short, Backpack builds a rail for real ownership to move on-chain, while Binance wraps price exposure to keep users inside its super-app.
Which one is better, you think?
Just solana:BPxxfRCXkUVhig4HS1Lh7kZqV6SPJhzfEk4x6fVBjPCy things
Give it some more time and @Backpack will become the home of finance for many users: wallet, crypto spot and perps, real stocks and perp stocks, on/off ramp, prediction markets, cards and your own bank account available, everything under the same app.
Backpack is now a fully regulated broker capable of offering real stocks with their own licenses
Users can withdraw stocks to @solana as tokenized versions
And this is still the beginning.
Not just a crypto exchange, not just a broker
Brick by brick until everything is added
I just want simple things, I like trading and holding coins in spot, and I get around 5% for my stables while using them in Backpack or simply waiting for the next opportunity.
Now I also can buy stocks and trade them under the same account and use some of my holdings as collateral as well.
Idk but the entire experience feels really smooth and in terms of capital efficiency I cant think in a better product than Backpack.
Also old MadLads holders get VIP status which gives you 0% fees for maker orders, which already saved me 5 figs.
Things you can do with @Backpack Securities that you can’t do anywhere else:
1. Transfer your @RobinhoodApp or @IBKR account to Backpack directly
2. Withdraw equities as tokenized versions in the same way that digital dollars are withdrawn as stables
3. Full NY Law and rights