• About
  • FAQ
  • Landing Page
  • Buy JNews
Toraja Cyber News
  • Home
    • Home – Layout 1
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
    • Home – Layout 1
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Toraja Cyber News
No Result
View All Result
Home Bitcoin

Binance now holds Apple, Microsoft and MicroStrategy stock tokens

torajacybernews by torajacybernews
May 1, 2021
in Bitcoin, Ethereum, Market
0
Binance now holds Apple, Microsoft and MicroStrategy stock tokens
193
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Binance’s share token offering has been expanded and you can now trade shares of Apple, Microsoft, and MicroStrategy. How?

Binance has tried to explore every possible sector within the cryptocurrency market, and has even gone further. Now Binance users can also trade fractions of publicly traded companies. For example, the MicroStrategy token is already available, while those of Apple and Microsoft arrive in the next few days.

Yes, as you read. It is now possible to invest in Apple, Microsoft and MicroStrategy from the largest cryptocurrency exchange, Binance. The company announced the launch of tokens that follow the stock price of these companies this Monday, April 26.

With this option, Binance allows its users to trade fractions of stock shares of various publicly traded companies without commissions. The first token launched had been Tesla’s.

How does this token and share system work on Binance?
Each token represents a share of the company in question. In addition, the trading of these tokens will follow the traditional trading hours of the exchange, unlike cryptocurrency trading that works without interruptions.

APPL, Apple’s token, will be available from April 28, while Binance users will be able to trade Microsoft shares from Friday 30 of this month.

The representations of shares that are traded on Binance are issued by the investment firm CM-Equity (CM-E), based in Germany. This same entity supports the existence of the tokens on the exchange with a deposit fund under its protection, according to the Binance Statement.

What restrictions are there?
Although the idea is quite good, there are some restrictions that apply. For example, it is not available to residents of mainland China, Turkey, the United States, and other restricted jurisdictions, as ultimately determined by CM-E.

Binance’s foray into the world of traditional markets has not gone unnoticed by watchful eyes in Europe. In particular, the UK’s Financial Conduct Authority (FCA) and Germany’s Federal Financial Supervisory Authority (BaFin) showed interest. Shortly after the launch of the new product, both institutions began to assess whether the trading of tokenized shares on Binance was in compliance with current regulations.

Binance, for its part, responded that its share tokens fully comply with European regulations. Meanwhile, the company talks directly with the agencies, as part of the investigation.

  • Trending
  • Comments
  • Latest
Paypal Co-Founder: Bitcoin Could Be a “Chinese Financial Weapon”

Paypal Co-Founder: Bitcoin Could Be a “Chinese Financial Weapon”

April 8, 2021
Mercado Libre will allow you to buy real estate with Bitcoin

Mercado Libre will allow you to buy real estate with Bitcoin

May 1, 2021
Ethereum miner will have 3 GH / s of hash

Ethereum miner will have 3 GH / s of hash

May 1, 2021
Xiaomi MIX 4 Review

Xiaomi MIX 4 Review

November 17, 2021
A ‘growth hacker’ uses cryptocurrencies to help homeless people

A ‘growth hacker’ uses cryptocurrencies to help homeless people

0
DeFi’s Total Locked Value Breaks New Record As BSC-Powered Protocols Totaled Billions

DeFi’s Total Locked Value Breaks New Record As BSC-Powered Protocols Totaled Billions

0
When will the ‘altcoin season’ happen? Now, says one analyst as Bitcoin’s dominance hits a 6-month low

When will the ‘altcoin season’ happen? Now, says one analyst as Bitcoin’s dominance hits a 6-month low

0
Institutional participation in cryptocurrencies reaches lowest levels since October

Institutional participation in cryptocurrencies reaches lowest levels since October

0
Is it possible to transfer gems from one brawl stars account to another?

Is it possible to transfer gems from one brawl stars account to another?

September 25, 2022
Samsung Galaxy Tab A7 Lite

Samsung Galaxy Tab A7 Lite

September 3, 2022
auriculares LG Tone

Auriculares LG Tone

September 3, 2022
Oukitel WP5000

Oukitel WP5000

September 3, 2022

Recent News

Is it possible to transfer gems from one brawl stars account to another?

Is it possible to transfer gems from one brawl stars account to another?

September 25, 2022
Samsung Galaxy Tab A7 Lite

Samsung Galaxy Tab A7 Lite

September 3, 2022

Categories

  • Bitcoin
  • Blockchain
  • Business
  • Ethereum
  • Guide
  • Market
  • Promotion
  • Regulation
  • Review
  • Ripple
  • Uncategorized
  • About
  • FAQ
  • Support Forum
  • Landing Page
  • Buy JNews
  • Contact Us

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.