Gen Z Leads Net Accumulation on Binance, Buys More Than It Sells

Twenty-two percent of Gen Z direct-equity accounts have never placed a sell order, compared with 19% for Gen X and 9% for Baby Boomers. These buy-only accounts averaged 1.63 trades a month in bStocks, against 3.45 for the typical user. High-frequency behavior was effectively absent at 0.1%.

Gen Z was also the lowest-turnover working-age cohort across every product studied. The average Gen Z account traded 13 times a month in TradFi-Perps, compared with 17 for Millennials, 16.5 for Gen X and 19 for Baby Boomers.

Binance Research said Gen Z also avoided leveraged and inverse exchange-traded funds more than any other working-age cohort on two of the three products. Leveraged instruments represented 9.25% of Gen Z's July turnover in direct equities but only 3.93% of net monthly inflow, indicating the instruments were being “round-tripped within the month rather than funded.”

The ETF share of Gen Z equity volume increased from 14.6% in June to 25% in early August, compared with 9.5% for Millennials. “Even so, the early pattern of more ETF and less single stock usage, runs counter to a pure speculation thesis,” Binance Research said.