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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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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 65.2% 77 $57 200.89 1.43% 10.57% $1 123 411 542 050 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 62.4% 80 $3 260.30 0.83% 10.49% $391 728 288 474 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.4% 1 $1.000218 -0.01% 0.03% $98 412 361 473 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 65.2% 70 $397.74 -0.24% 12.85% $59 479 857 047 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 75.6% 40 $108.69 -2.26% 2.93% $48 092 856 952 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 80.8% 29 $0.578774 4.44% 5.30% $31 597 751 568 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 93.2% 1 $0.999850 -0.01% 0% $28 520 429 191 USDC 7 days price change
8 Cardano (ADA) ADA Cardano predictions 64.8% 66 $0.618901 -0.52% 3.41% $21 955 661 991 ADA 7 days price change
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11 TRON (TRX) TRX TRON predictions 66.8% 63 $0.143113 1.51% 2.24% $12 592 966 788 TRX 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 70% 61 $0.142958 1.75% 2.17% $12 579 371 848 WTRX 7 days price change
13 Chainlink (LINK) LINK Chainlink predictions 78% 43 $18.95 -0.81% 0.70% $11 123 980 216 LINK 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 73.6% 50 $8.25 1.85% 10.87% $10 593 986 884 DOT 7 days price change
15 Lido stETH (STETH) STETH Lido stETH predictions 91.6% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change

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