The popular crypto exchange of Binance has announced that it will be listing the COINBASE Stock Token (COIN) today, April 14th. According to the official announcement, the token will be available through the COIN/BUSD pair with users having a chance at trading fractional shares of the Coinbase Stock.
Binance Launches Zero-Commission Tradable Stock Tokens
The move by BINANCE comes only days after the team at the exchange announced the launch of Zero-Commission tradable stock tokens. Coinbase Stock Token (COIN) is the second offering after Tesla (TSLA) which was launched on Binance on the 12th of this month. Fractional stock of the electric vehicle company are now available through the TSLA/BUSD pair.
Each stock token on Binance is fully backed as explained below
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.
Coinbase is Already Trading on FTX Exchange
To note is that the FTX crypto exchange has already started trading of
