Binance’s tokenized stocks offer 24/7 price discovery as Nvidia probe highlights shift

Binance is influencing a change in global price discovery by introducing tokenized equity products that allow investors to trade stock-backed perpetual contracts at any time, including during traditionally closed periods such as weekends and holidays. Traditionally, stock markets like the Nasdaq settle on Fridays, remain closed over the weekend, and reopen on Mondays. During these closures, investors cannot react to news or developments that emerge outside regular trading hours. A recent example involved Nvidia, a leading US chipmaker, which became the subject of an investigation during a weekend. Since US equity markets were closed, traders could not immediately respond. However, on Binance, the NVDAUSDT perpetual—Binance’s tokenized Nvidia stock contract—traded approximately 4.2% below its Friday closing price, with the price reflecting the news before US markets reopened.

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