• Sun. Dec 10th, 2023

Binance to Launch Stock Tokens for Microsoft, Apple, and MicroStrategy



Apr 25, 2021

The cryptocurrency industry has been around since 2009 but it did not have the respect, value, trust, and reliability that it has today. When Bitcoin (BTC) first launched, it had no value and the industry was not thriving at all. That is when the cryptocurrency exchanges started forming and started providing buy, sell, or trading features for cryptocurrencies.

That was the time when cryptocurrencies from all over the world were recognized and had value added to them. Then among all the cryptocurrencies, Binance emerged as the top and the largest cryptocurrency exchange to date.

The cryptocurrency exchange has gained so much popularity, adoption, and trading volume that it is now considered an entire sector. Ever since its launch, Binance has been introducing new and reliable products that the users like and love.

For a long time, the exchange has provided cryptocurrency users to buy, sell, and trade cryptocurrencies through its platform. However, the exchange has now set a course to venture through different sectors and systems with aim of offering new and profitable products to their users.

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On Monday, April 26, Binance has made another announcement in regards to enlisting stock tokens on its platform. According to the reports, Binance has revealed that it plans to list new stock tokens for three different platforms. The exchange executives have confirmed that the three major stock tokens will be enlisted on the platform in the next few weeks.

The firm had recently launched the stock tokens for two major platforms through its platform. The names of the two stock tokens Binance had previously listed include Coinbase and Tesla.

After observing a huge rally for the Coinbase and Tesla stock token shares, Binance has decided to launch the stock tokens for the three major firms.

In the announcement made on Monday, April 26, Binance has confirmed the names of the companies for which it will be launching the stock tokens. The names of the firms are Microsoft (MSFT), Apple (AAPL), and MicroStrategy (MSTR).

Once launched, the users will be able to buy, sell, or trade the stock tokens for these firms just like other currencies. The stock tokens will be converted into small fractions representing one-hundredth of the token. The users will be able to trade with a minimum fraction to as much as they want.

Binance has also confirmed the dates and the times when the launch of each stock token would take place. The first stock token Binance will launch would be for MicroStrategy (MSTR) that would take place on April 26 at 1:30 pm UTC.

The second stock token will be launched on Wednesday, April 28 at the same time for Apple (AAPL), and the third one for Microsoft (MSFT) will be launched on Friday, April 30 at the same time.


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