Binance to launch Microstrategy, Apple, and Microsoft stock tokens
April 26, 2021. Summarized by summa-bot.
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Binance plans to launch stock tokens tracking the shares of Microstrategy, Apple, and Microsoft before May.
Top crypto asset exchange Binance has announced it will list three new stock tokens over the coming week, following the launch of tokens tracking the performance of Tesla and Coinbase shares earlier this month.
On April 26, Binance announced it will launch tokenized stock pairings for leading business intelligence firm, Microstrategy (MSTR), in addition to multinational tech firms Apple (AAPL) and Microsoft (MSFT).
Binance launched its first stock token on April 12, allowing its customers to speculate on the price of Tesla (TSLA).
Binance’s expansion into stock tokens appears to demonstrate increasing competition between it and Hong Kong-headquartered crypto derivatives platform, FTX — which launched fractionalized stock trading in October 2020, including derivatives tracking Tesla and Apple shares.