Binance Pumps Up QQQB Holders with $0.75 in Dividend Reinvestment

Binance has distributed $0.75 in dividends to holders of its QQQB token, which tracks the Invesco QQQ Trust ETF.

The distribution took place on September 21-22, with a snapshot date of September 21 at 00:00 UTC determining eligibility.

The dividend was automatically reinvested into additional QQQB tokens, effectively compounding users' positions without requiring any action from them.

This is the latest in a series of dividend distributions for bStocks tokens on Binance's platform, which allows users to trade tokenized versions of major US equities and ETFs directly on the exchange.