The numbers behind the flow: Binance has crossed 200M users, is on track for 300M by year-end 2026, and ultimately targets 3 billion users — versus a current global tokenized-stock penetration of less than one part per million of the $120T global equity market. The platform custodies ~$150B in user assets and accounts for roughly 30% of global spot crypto volume, while its TradFi perp futures volume has already exploded from $3B/day in January to $8.6B/day in April 2026. Plug a payment-ready, always-on army of this size into U.S. equities and the incremental TAM is simply unprecedented — every basis point of conversion is billions in new daily flow.