The first tradable stock token will be Tesla (NASDAQ: TSLA), which is currently trading around $700 a share. The announcement explained that stock tokens will be denominated, settled, and collateralized in BUSD, a US-regulated stablecoin that is pegged to the U.S. dollar and issued by Paxos Trust Company. On 12th April 2021, Binance announced it will be offering zero-commission, tradable stock tokens, allowing users to trade fractional stocks through its platform. See further disclaimer at the bottom of the page. No representation or warranty is given as to the accuracy or completeness of this information and consequently, any person acting on it does so entirely at their own risk. Cryptocurrency investing carries a substantial risk and is not suitable for everyone. Cryptocurrency investing is unregulated in most countries with no consumer protection. The information provided on this page should not be construed as an endorsement of cryptocurrency, a service provider or offering and should neither be considered a solicitation to buy or trade cryptocurrency. Binance has made its first step into the world of zero-commission stock trading and investing, with a crypto twist, recognising that a significant portion of its user base also has active fractional stock investment accounts with the likes of Robinhood and Revolut.ĭisclaimer: All of the content written on CoinMarketExpert is unbiased and based on objective analysis.
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