Binance Lists AppLovin-Linked bStock APPB
The new token does not provide direct ownership of AppLovin shares, and U.S. persons cannot access it.
Updated on Nov. 9, 2026 in Public Companies
Binance listed the APPB bStock on Oct. 28, tied to AppLovin's Class A shares, which trade under the ticker APP. Trading in APPB/USDT began at 8 a.m. ET (12:00 UTC).
Why it matters
The listing gives non-U.S. users exposure to AppLovin's share price movements without holding the stock itself. It follows AppLovin's third-quarter report showing strong revenue and profit growth.
AppLovin reported third-quarter revenue of $2.18 billion, up 55% from $1.41 billion a year earlier, and net income of $1.44 billion, up 72% from $835.5 million. The company forecast fourth-quarter revenue of $2.365 billion to $2.395 billion, though how APPB pricing will track those results remains unclear.
The players
Binance
Binance is one of the world's largest cryptocurrency exchanges, offering spot trading, derivatives and tokenized asset products to users outside the United States.
AppLovin
AppLovin is a U.S.-based software company that operates a mobile app marketing and analytics platform, and its Class A shares trade on the Nasdaq under the ticker APP.
The details
Binance said APPB is a bStock distinct from its APPUSDT perpetual futures contract, which tracks AppLovin's Class A shares and settles in Tether (USDT) with leverage up to 25x. U.S. persons are barred from accessing the APPB bStock.
Timeline
Oct. 28: Binance listed the APPB bStock.
Nov. 4: AppLovin released third-quarter results.
Nov. 5: AppLovin shares rose during U.S. trading after the results release.
Market Landscape
The APPB listing extends Binance's bStock line of tokenized equity products, letting offshore users trade price-linked instruments that carry no direct share ownership. It sits alongside Binance's APPUSDT perpetual futures contract, giving traders two distinct ways to take exposure to AppLovin.
Non-U.S. users can gain price exposure to AppLovin through APPB, but the token does not confer shareholder rights. Traders should weigh the 25x leverage available on APPUSDT against the risks of amplified losses.
The takeaway
Tokenized equity products can mirror a stock's price without conveying ownership, so readers should distinguish price exposure from holding shares. Checking eligibility rules and leverage terms before trading is essential.
What happens next
AppLovin's fourth-quarter results are expected in a future reporting cycle, and the APPUSDT perpetual futures contract is scheduled to begin trading at 4:45 a.m. ET on July 10, 2026.
Further reading
Explore more coverage in Public Companies for context on how listed firms like AppLovin are reporting and trading.
Source note: This article includes information reported by TokenPost.
