Apple, Microsoft, Microstrategy Latest Stock Tokens to Be Listed on Binance

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Earlier this month, crypto exchange Binance began offering stock tokens on its platform, allowing users to trade publicly listed companies with crypto. But in its initial rollout, options were sparse — with Tesla and Coinbase being the only available options. Following its immediate success however, the exchange giant is now looking to expand its offerings. According to an announcement on Monday, Binance will list Apple, Microsoft, and Microstrategy. The tokens will be denominated in the exchange’s very own stablecoin, BUSD. Binance’s stock tokens are tokenized equities that can be traded on traditional stock exchanges. Each tokenized stock represents one ordinary share of the stock and is backed by a depository portfolio of underlying securities held by CM-Equity AG, Germany, according to the post. The tokens will only be available for trading during traditional market hours. Binance also stated that they will not be available for users in mainland China, Turkey,…

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