Research Analyst — Equity Capital Markets

About the Role We are building a suite of tokenized equity capital markets products from the ground up, and are looking for a Research Analyst to join a small, high-impact team. This is a 0-to-1 opportunity for a self-starter who wants to help shape products from inception through launch. The analyst will support the full product lifecycle — conducting due diligence on issuers, companies, vendors, and partners; building commercial and economic models; and producing the research, memos, and analysis that underpin key commercial decisions. The role is highly cross-functional, working closely with internal stakeholders in a fast-moving environment where initiative and ownership are essential. Responsibilities - Conduct thorough due diligence on prospective issuers, companies, vendors, partners, and counterparties, presenting findings in clear, decision-ready formats. - Perform fundamental analysis and build commercial and financial models to evaluate product structures, pricing, allocation, deal economics, and profitability. - Conduct competitor and market research across the capital markets landscape, benchmarking products, platforms, and market participants to inform positioning and strategy. - Prepare internal committee memos, decision documents, and management presentations that translate complex analysis into concise, actionable recommendations. - Track developments across the equity capital markets — pipeline, follow-on and related equity offerings, and broader market conditions — surfacing risks and opportunities proactively. - Support the transaction and product lifecycle, taking ownership of workstreams from research through to execution. Requirements - Minimum 4 years of relevant experience, ideally within equity capital markets (ECM), or investment banking at a bank, advisory firm, or comparable institution. - Solid understanding of the equity capital markets and the mechanics of public and private capital raises (e.g. IPOs, follow-on offerings). - Strong financial modeling and quantitative analysis skills. - Excellent written and verbal communication, with the ability to produce polished, institutional-quality memos and presentations for senior stakeholders. - A genuine self-starter — comfortable with ambiguity, taking initiative, and building processes where none exist. - Strong attention to detail, sound commercial judgment, and the ability to operate under deadline pressure. - Familiarity with digital assets, tokenization, or a clear appetite to build expertise in bringing equity capital markets on-chain. Why Binance - Shape the future with the world’s leading blockchain ecosystem. - Collaborate with world-class talent in a user-centric global organization with a flat structure. - Tackle unique, fast-paced projects with autonomy in an innovative environment. - Thrive in a results-driven workplace with opportunities for career growth and continuous learning. - Competitive salary and company benefits. - Work-from-home arrangement (the arrangement may vary depending on the work nature of the business team). Binance is committed to being an equal opportunity employer. We believe that having a diverse workforce is fundamental to our success. By submitting a job application, you confirm that you have read and agree to our Candidate Privacy Notice .