Each of the tokens will be tradable during traditional stock trading hours and are only tradable against BUSD.
Cryptocurrency Exchange , Binance is expanding its stock token listings with the addition of three new tokenized stock pairings. According to a company announcement on April 26th, Binance's new listings will include stock tokens tied to Microstrategy (MSTR), Apple (AAPL) and Microsoft (MSFT) stock.
Each of these tokens allows its owner to hold or trade fractionalized shares of the stocks they are associated with. The minimum trading amount is set at one-hundredth of a token, which equates to one-hundredth of a stock.
AAPL, MSTR, & MSFT Stock Tokens Will Begin Trading before the End of April
Binance’s MSTR stock tokens will launch on April 26th at 1:30 pm UTC. The AAPL tokens are slated to launch at 1:30 pm UTC on April 28th, and the MSFT tokens will be available at the same time on April 30th. Each of the tokens will be tradable during traditional stock trading hours and are only tradable against BUSD, Binance’s stablecoin.
The exchange says that each of the stock tokens is “fully backed by a depository portfolio of underlying securities” held by CM-Equity AG, a financial services provider based in Germany. The tokens are not available to residents of the United States, Turkey, China or other jurisdictions restricted by CM-Equity. The tokens can be traded on Binance’s website.
Binance Will Launch More Stock Tokens over Time–a Bid to Compete with FTX?
The newest stock tokens follow the positive performance of Tesla (TSLA) and Coinbase (COIN) stock tokens that were listed on the platform earlier this month.
According to CoinTelegraph, the exchange’s foray into stock tokens appears to be an attempt to compete with Hong Kong-based derivatives platform FTX, which launched fractionalized stock token trading in October of last year.
Furthermore, Binance is seeking to expand its range of stock tokens. According to the company’s announcement, “Binance will monitor market demand and look to provide a channel to more Stock Tokens issued and sold by [CM-Equity].”
Cryptocurrency Exchange , Binance is expanding its stock token listings with the addition of three new tokenized stock pairings. According to a company announcement on April 26th, Binance's new listings will include stock tokens tied to Microstrategy (MSTR), Apple (AAPL) and Microsoft (MSFT) stock.
Each of these tokens allows its owner to hold or trade fractionalized shares of the stocks they are associated with. The minimum trading amount is set at one-hundredth of a token, which equates to one-hundredth of a stock.
AAPL, MSTR, & MSFT Stock Tokens Will Begin Trading before the End of April
Binance’s MSTR stock tokens will launch on April 26th at 1:30 pm UTC. The AAPL tokens are slated to launch at 1:30 pm UTC on April 28th, and the MSFT tokens will be available at the same time on April 30th. Each of the tokens will be tradable during traditional stock trading hours and are only tradable against BUSD, Binance’s stablecoin.
The exchange says that each of the stock tokens is “fully backed by a depository portfolio of underlying securities” held by CM-Equity AG, a financial services provider based in Germany. The tokens are not available to residents of the United States, Turkey, China or other jurisdictions restricted by CM-Equity. The tokens can be traded on Binance’s website.
Binance Will Launch More Stock Tokens over Time–a Bid to Compete with FTX?
The newest stock tokens follow the positive performance of Tesla (TSLA) and Coinbase (COIN) stock tokens that were listed on the platform earlier this month.
According to CoinTelegraph, the exchange’s foray into stock tokens appears to be an attempt to compete with Hong Kong-based derivatives platform FTX, which launched fractionalized stock token trading in October of last year.
Furthermore, Binance is seeking to expand its range of stock tokens. According to the company’s announcement, “Binance will monitor market demand and look to provide a channel to more Stock Tokens issued and sold by [CM-Equity].”
Rachel is a self-taught crypto geek and a passionate writer. She believes in the power that the written word has to educate, connect and empower individuals to make positive and powerful financial choices. She is the Podcast Host and a Cryptocurrency Editor at Finance Magnates.
Bitget's Bitcoin Reserve Ratio Soars Over 300% Following Halving
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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