Binance will support cash dividend distributions for Qualcomm, PayPal, and Alphabet via bStocks.
2 hours ago
According to an official announcement, Binance will support cash dividend distributions for Qualcomm (QCOM), PayPal (PYPL), and Alphabet (GOOGL) holders via its bStocks product for QCOMB, PYPLB, and GOOGLB token holders. After deducting applicable withholding taxes, fees, costs, and other related expenses, net dividends will be reinvested into the corresponding underlying securities, with users receiving dividends in the form of QCOMB, PYPLB, and GOOGLB bStocks respectively. Eligibility snapshots: QCOMB holders must hold relevant assets at 00:00 UTC on September 3, 2026; PYPLB and GOOGLB holders must hold their assets at 00:00 UTC on September 4, 2026. Spot trading for all three tokens remains unaffected, but QCOMB will suspend token conversions, deposits, and withdrawals at 23:30 UTC on September 2. PYPLB and GOOGLB will suspend their respective related services at 23:30 UTC on September 3, with services resuming after dividend distribution is completed.
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