- Binance will list stock tokens such as MicroStrategy, Apple, and Microsoft.
- The Binance Smart Chain (BSC) enables investors to trade without high GAS fees.
The Binance exchange has once again broken its limits by adding new stock tokens into its platform. Specifically, Binance will list stock tokens such as MicroStrategy (MSTR), Apple (AAPL), and Microsoft (MSFT).
Indeed, this event made the Binance community rejoice as they have the opportunity to trade other digital assets aside from cryptocurrency using the Binance network.
What are Binance Stock Tokens?
Binance Stock Tokens are tokens of stocks (i.e., shares of public companies) that trade on traditional stock exchanges. Each Stock Token represents one ordinary share of the relevant stock. These Stock Tokens are fully backed by a depository portfolio of underlying securities held by CM-Equity AG, Germany (“CM-E”). Holders of Stock Tokens will qualify for economic returns on the underlying shares, including potential dividends.
However, the listing of the new stock tokens in the Binance exchange will not begin simultaneously. Instead, the listing will be separate for each stock token. For this reason, MicroStrategy (MSTR/BUSD) will be listed at 2021-04-26 1:30 PM (UTC) while Apple (AAPL/BUSD) at 2021-04-28 1:30 PM (UTC) and lastly the Microsoft (MSFT/BUSD), which will be listed at 2021-04-30 1:30 PM (UTC).
With all these recent achievements, we can say that Binance is truly one of the most reliable crypto exchanges. Moreover, once listed on the exchange, traders can view the stock tokens under the trade feature of the platform.
Aside from this stock listing development, Binance has also successfully launched the Binance Smart Chain (BSC). This technology enables users to seamlessly trade while eliminating the traditional high GAS fees. In this way, traders and investors can trade most of their favorite cryptocurrencies or stocks without worrying about high fees.