Binance Pays $1.88 Dividend to SPYB Holders

Binance has announced the distribution of a $1.88 dividend per SPYB token to holders of the tokenized S&P500 ETF SPYB, according to Crypto Briefing. The dividend was reflected in users' spot wallets holding SPYB, with the amount being reinvested as additional SPYB units rather than paid out in cash. Binance clarified in its official notice that the dividend is distributed after deducting withholding tax and fees, then converted into additional SPYB units for holders. For users holding SPYB on-chain, dividends were applied through a multiplier adjustment method.