Binance Launches Tradable Stock Tokens, Starting with Coinbase and Tesla
Crypto exchange giant Binance announced an expansion in investment offerings with the platform’s latest addition of stock tokens. What exactly are stock tokens? According to Binance’s blog post, these tradable tokens will enable potential crypto investors to gain exposure to the traditional stock market. They are zero-commission digital tokens that are fully backed and collateralized […]
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The upcoming listings will bring the total number of stock tokens supported by Binance to five. Top crypto asset exchange Binance has announced it will list three new stock tokens over the coming week, following the launch of tokens tracking the performance of Tesla and Coinbase shares earlier this month.On April 26, Binance announced it will launch tokenized stock pairings for leading business intelligence firm, Microstrategy (MSTR), in addition to multinational tech firms Apple (AAPL) and Microsoft (MSFT). The tokens will allow users to trade fractionalized units of the share tokens,....
As distinct from traditional shares, a stock token can be fractionalized into smaller, more affordable units, meaning that more users can potentially benefit from capital returns on equities. Cryptocurrency exchange Binance is launching tradable stock tokens that aim to enable a wider section of the public to pocket capital returns on equities, including potential dividends, without having to purchase full, traditional shares.The first publicly tradable equity in the form of a Binance stock token will be Tesla, the share price of which currently hovers around the $700 mark. Rather than....
Major exchanges are elbowing for exposure to Coinbase's listing. Major global cryptocurrency exchanges including Binance and FTX have announced the listing of Coinbase’s stock token ahead of its direct listing on Nasdaq.According to a Wednesday announcement, Binance will list Coinbase's stock token (COIN) today, allowing its users to trade fractional Coinbase stock on the Binance website.The new stock token will trade against Binance USD (BUSD), Binance’s stablecoin pegged to the United States dollar and issued by Paxos Trust Company.Binance said that Coinbase stock tokens are....
Earlier this month, crypto exchange Binance began offering stock tokens on its platform, allowing users to trade publicly listed companies with crypto. But in its initial rollout, options were sparse — with Tesla and Coinbase being the only available options. Following its immediate success however, the exchange giant is now looking to expand its offerings. […]
Binance is set to list OG, ATM and ASR in its Innovation Zone and open trading against major cryptocurrencies like BTC and USDT. Binance, the world’s largest cryptocurrency exchange by trading volume, is listing another batch of fan tokens by a major sports-focused token platform, Chiliz.According to a Dec. 23 announcement, Binance Launchpool — a platform allowing users to stake tokens for up to 30 days to earn rewards — will soon feature three more sports fan tokens: Dota 2 esports team OG, Atlético de Madrid Football (ATM), and AS Roma Football Club (ASR).As part of the new allocations,....