Binance said it will support cash dividend distributions through bStocks for holders of QCOMB, PYPLB and GOOGLB, which track Qualcomm, PayPal and Alphabet respectively. According to the exchange’s announcement dated Aug. 31, the net dividend amount, after applicable withholding tax, fees, costs and other related expenses, will be reinvested into the corresponding underlying securities. Users will then receive the dividend in the form of QCOMB, PYPLB and GOOGLB bStocks. Eligibility will be determined by asset snapshots. For QCOMB holders, the snapshot is set for Sept. 3, 2026 at 00:00 UTC. For PYPLB and GOOGLB holders, the snapshot time is Sept. 4, 2026 at 00:00 UTC. Binance added that spot trading for all three tokens will remain unaffected. Still, token conversion, deposits and withdrawals will be suspended on a temporary basis: QCOMB services will pause at 23:30 UTC on Sept. 2, while PYPLB and GOOGLB services will pause at 23:30 UTC on Sept. 3. The exchange said those services will resume after the dividend distribution is completed.
Binance said on Aug. 31 that it will support cash dividend distributions through bStocks for holders of QCOMB, PYPLB and GOOGLB, tied to Qualcomm (QCOM), PayPal (PYPL) and Alphabet (GOOGL).
According to the official announcement, the net dividend amount, after applicable withholding tax, fees, costs and other related expenses, will be reinvested into the corresponding underlying securities. Users will receive the dividend in the form of the related bStocks tokens: QCOMB, PYPLB and GOOGLB.
Snapshot schedule
Users holding QCOMB must hold the relevant assets at the snapshot time of Sept. 3, 2026, 00:00 UTC. The eligibility snapshots for both PYPLB and GOOGLB are set for Sept. 4, 2026, at 00:00 UTC.
Service suspension timeline
Binance said spot trading for all three tokens will not be affected.
QCOMB token conversion, deposits and withdrawals will be suspended at 23:30 UTC on Sept. 2. For PYPLB and GOOGLB, the related services will be suspended at 23:30 UTC on Sept. 3, and will resume after the dividend distribution is completed.
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