Binance Stock Token trading to include MicroStrategy, Apple, Microsoft

Sophia Cruz•Monday, April 26, 2021•1 min read

Binance, the global leading cryptocurrency exchange platform, has announced today the addition of tokenized stock pairings for leading business intelligence firms. The new listings will include stock tokens tied to Microstrategy, Apple, and Microsoft. Users can trade these tokens on the Binance site by trading fractionalized units of the shared tokens with a minimum amount set to one-hundredth of a token.

Stock tokens are tokens of stocks that you can trade on stock exchanges and the entire tokenized stocks are denominated in the Binance USD (BUSD) stablecoin. Each tokenized stock represents one ordinary share of the relevant stock and will be fully backed by a depository portfolio of underlying securities held by CM-Equity.

Take note that there are certain countries like Turkey, the United States and China where Binance users are prohibited from trading stock tokens.

The crypto exchange also plans on continuing to increase its range of stock tokens. The company will advance on monitoring market demand and allow a channel for more stock tokens issued and sold by CM-Equity.

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ABOUT THE AUTHOR See More

Sophia Cruz

Financial Writer - Asian & European Desks

Sophia is an experienced writer, reporter and newsdesk member, mostly on the financial sectors. For the past 5 years Sophia has covered a wide variety of topics such as the financial markets, economics, technology, fin-tech and trading. Sophia has been a part of the FX Leaders team since 2017 and works on producing valuable content and information for traders of all levels of experience.