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BNB$485.63

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Binance Allows Users to Trade Tokenized Stock Tokens Starting With Tesla


13 Apr 2021

#Binance Coin

Cryptocurrency exchange Binance is allowing its users to buy fractions of companies’ shares with a new tokenized stock trading service, starting with Tesla. The crypto exchange announced Monday the launch of Binance Stock Tokens, zero-commission digital tokens that qualify holders for returns including dividends.

As of 1:35 p.m. UTC (9:35 a.m. ET) April 12, users will be able to buy fractions of actual Tesla shares, which trade at $677 a share at the time of writing. Users will be able to purchase as little as one-hundredth of a Tesla share, with prices settled in Binance USD (BUSD).

The exchange’s native crypto Binance Coin (BNB) has surged more than 25% in the last 24 hours, reaching an all-time high of $637.44. It is priced at $590.51 at press time. It’s not immediately clear what is driving the price of the coin. It’s not the first tokenized stock play in crypto land: Terra Labs’ Mirror Protocol went live in December.


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1 Bitcoin (BTC) BTC Bitcoin predictions 64.8% 74 $61 393.62 1.16% 0.83% $1 157 410 091 263 BTC 7 days price change
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15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 65.6% 75 $61 406.63 1.11% 0.83% $13 619 540 827 WBTC 7 days price change

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