Most tokenized-stock investors also trade futures or equities, Binance data shows
Exchange data from Binance shows that 58.5% of bStocks holders also trade perpetual futures, direct equities, or all three, with 20.7% remaining active across all three formats. This behavioral overlap indicates that the segmentation separating a stock investor from a derivatives trader from a cryptocurrency holder describes account structures rather than people. That taxonomy stops working when one account carries all three instruments. One investor, three instruments The retail investor taxonomy the financial industry uses was largely inherited from an infrastructure constraint. Equities, derivatives, and digital assets historically lived in separate accounts at separate firms under separate regulators, prompting the industry to describe the people using them as distinct populations. Collapse the accounts, and the taxonomy has nothing left to sit on. Independent data from Kaiko shows that between April 1 and May 25, 2026, Binance and Hyperliquid each averaged around ...