BlockBeats News, May 31st, regarding the rumor that Binance may "add real stock trading" on June 1st, Backpack founder Armani Ferrante stated in a post that this move by Binance may change the entire brokerage landscape:

· 24/7 price discovery of the (stock) spot market will be unlocked;

· A new generation of crypto-native brokerages will follow Binance in weekend price discovery (existing perpetual contracts could work, but the range of underlyings is still too limited for retail brokerage products);

· Crypto-native brokerages will face off against old-school TradFi brokers. As the first platforms to offer weekend spot trading, they will gain a significant advantage;

· The Web 2 stock retail investor group may enter the crypto space through these new brokerages, and these fund flows will subsequently enter the broader crypto and DeFi space.