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Ceasing Support for Stock Tokens on Binance.com and Migration to CM-Equity AG for EEA Users

Binance
2021-07-16 09:05
Fellow Binancians,
As the crypto ecosystem evolves, and as Binance grows with the community, we are continually evaluating our products and working with our partners to meet our users’ needs.
Today, we are announcing that we will be winding down support for stock tokens on Binance.com to shift our commercial focus to other product offerings. Effective immediately, stock tokens are unavailable for purchase on Binance.com, and Binance.com will no longer support any stock tokens after 2021-10-14 19:55 (UTC).
Users who currently hold stock tokens may sell or hold them over the next 90 days. Users will no longer be able to manually sell or close their positions after 2021-10-14 19:55 (UTC). Thereafter all stock token positions on Binance.com will be closed at 2021-10-15 13:30 (UTC). Please note that the closing prices will be based on actual executed prices after the market opens for trading at 2021-10-15 13:30 (UTC), and may differ from the market prices from the previous day.
Option for EEA users to migrate positions onto CM-Equity AG portal
CM-Equity AG is establishing its own portal to support users residing in the European Economic Area (EEA) and users that reside in Switzerland. Those users may transition their stock token balances to CM-Equity AG once its new portal is established.
The portal is scheduled to be open approximately two-to-four weeks before 2021-10-15 (UTC), and additional KYC measures will be requested by CM-Equity AG to complete the transition. We will remind users of this change as the date approaches.
As always, we remain committed to moving the crypto ecosystem forward, and we thank you for your ongoing support for our platform.
Risk Warning: Please ensure you have read and agreed to the Binance Stock Tokens Trading Service Agreement and have agreed to use the Binance Stock Tokens trading service, and that you are aware of these risks and confirm to use this service.
Please note that all Stock Tokens listed on https://binance.com/ are products issued and sold by CM-Equity AG, Germany.
Thanks for your support!
Binance Team
2021-07-16
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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
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