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Binance Launches Zero-Commission, Tradable Stock Tokens
Binance
2021-04-12 11:00
Fellow Binancians,
Binance is delighted to announce the official launch of its zero-commission, tradable stock tokens, allowing the users to trade fractional stocks. Stock tokens are denominated, settled, and collateralized in BUSD.
The first Binance Stock Token to be listed is Tesla Inc. (TSLA). Trading for the TSLA/BUSD pair is scheduled to open at 2021-04-12 1:35 PM (UTC). Users will be able to trade fractional Tesla stock on the Binance website.
What are Binance Stock Tokens?
Binance Stock Tokens are zero-commission digital tokens fully backed by a depository portfolio of underlying securities that represents the outstanding tokens. Holders of stock tokens qualify for economic returns on the underlying shares, including potential dividends.
Binance will continue to respond to market demand by listing more stock tokens and features. Trading of stock tokens will follow traditional exchange hours and is not available for residents in Mainland China, Turkey, and other restricted jurisdictions. Interested traders will be required to pass Know-Your-Customer and other relevant compliance measures.
For more information on Stock Tokens, please refer to the guide here.
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.
Thanks for your support!
Binance Team
2021-04-12
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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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