Binance Launches Stock Tokens

Global Crypto News
Published on: 26.04.2021

Stock tokens comes to Binance.

Leading cryptocurrency exchange Binance launches stocks tokens of popular companies MicroStrategy(MSTR) , Apple(AAPL) and Microsoft(MSFT).

The stock tokens are fully backed by a depository portfolio of underlying securities held by CM-Equity AG, Germany (“CM-E”).

Every stock tokens are equal to one ordinary share of the relevant stock. Holders can also qualify for underlying shares and dividends.

Trading of stock tokens will start today at 1:30 PM (UTC) and follows the traditional exchange hours. 

Interested traders need to complete KYC and trading is only allowed on the qualified jurisdictions approved by the CME.

#SmartCrypto

 

 

 

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