- Binance will open tokenized stocks of Apple and Microsoft on its website platform.
- On April 26, Binance opened Microstrategy stocks alongside Coinbase and Tesla stocks.
- Tokenized stocks enable investors to buy portions of a stock, enabling them to invest according to their budget.
Top cryptocurrency exchange Binance announced that it will start offering tokenized stocks of Microstrategy, Apple, and Microsoft. In fact, the exchange has already started selling Microstrategy stocks on April 26.
According to the announcement, Apple stocks will become available on April 28, while Microsoft stocks will open on April 30. Both of them will open at 1:30 PM (UTC).
Once the said tokenized stocks go live, Binance will have offered 5 of the said asset class on its website platform, with Tesla and Coinbase stocks already being sold and traded. At the moment, this service is not yet available on the Binance mobile application.
Each tokenized stock represents one share of a specific firm. This is made possible through Binance’s partnership with Germany-based CM-Equity AG, a firm that offers licensed financial services.
Contrary to buying traditional stocks, investors can buy tokenized stocks depending on their budget. For example, if a specific stock is worth $180, buyers can purchase worth $10 of the stock through the tokenized versions. This will enable them to invest in the stock according to their means.
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