Crypto Exchange Binance lists more Stock Tokens that are tradable through crypto coins
Today, Binance lists three more stock tokens that are tradable through crypto coins. The three stock tokens that Binance lists today are Microstrategy (MSTR), Apple (AAPL) and Microsoft (MSFT).
Essentially, Binance Stock Tokens are tokens of stocks that trade on traditional stock market. These tokens are created on security held by a third party. If the rate of the stock increases the stock token is anticipated to rise appropriately.
Similarly, if the cost of the stock falls then the stock token is anticipated to fall accordingly. Two stock tokens are already in full trading mode on Binance i.e. COIN/BUSD and TSLA/BUSD.
Together with the above 2 stock tokens, the trading of Microstrategy (MSTR/BUSD), Apple (AAPL/BUSD) and Microsoft (MSFT/BUSD) stock tokens to begin soon as per the schedule.
Microstrategy (MSTR/BUSD) at 2021-04-26 1:30 PM (UTC).
Apple (AAPL/BUSD) at 2021-04-28 1:30 PM (UTC).
Microsoft (MSFT/BUSD) at 2021-04-30 1:30 PM (UTC).
According to the official post of Binance, "Stock Tokens are completely backed by a depository portfolio of underlying securities held by CM-Equity AG, Germany (" CM-E").".
" Holders of Stock Tokens will get approved for financial returns on the underlying shares, including potential dividends.".