Binance to Distribute MRVL and ORCL Dividends via bStocks

According to an official announcement, Binance will distribute dividends for Marvell Technology (MRVL) and Oracle Corporation (ORCL) via bStocks to users holding MRVLB and ORCLB balances. After deducting applicable withholding taxes, fees, costs, and other expenses, the net cash dividend will be reinvested as additional units or fractional shares of the same underlying securities. Eligible users will receive dividends in the form of MRVLB and ORCLB stock tokens. Users holding MRVLB and ORCLB balances on-chain will receive bStocks dividends through a multiplier adjustment mechanism.