Credit: Original article published by CryptoPotato.

A few weeks after launching its latest product – tradable stock tokens – Binance has decided to expand the portfolio with the shares of MicroStrategy, Apple, and Microsoft. The three new additions will be live by the end of April. 

Binance to Add MSTR, AAPL, and MSFT 

As CryptoPotato reported a few weeks back, the world’s leading cryptocurrency exchange launched a new service called Binance Stock Tokens. By partnering with the German investment company – CM-Equity AG and Switzerland’s Digital Assets AG, Binance introduced zero commission tradable stock tokens with one coin representing one share of the equity.  

The initiative started with Tesla (TSLA), and the exchange added Coinbase’s shares (COIN) shortly after the company went public. Earlier today, Binance announced it will add three new stock tokens.  

Namely, those are the shares of Apple (AAPL), the US multinational tech behemoth – Microsoft (MSFT), and Michael Saylor’s business intelligence giant – MicroStrategy (MSTR). They will be listed as follows: 

  • Microstrategy (MSTR/BUSD) at 2021-04-26 1:30 PM (UTC) 
  • Apple (AAPL/BUSD) at 2021-04-28 1:30 PM (UTC) 
  • Microsoft (MSFT/BUSD) at 2021-04-30 1:30 PM (UTC) 

It’s worth noting that the Binance Stock Tokens come with certain restrictions. They are tradable only during US market hours and are not available for residents in Mainland China, Turkey, the US, and other nations.  

MicroStrategy’s Link to the Crypto Industry 

Microsoft and Apple have no deep affiliation with the cryptocurrency space, so their addition to Binance could be attributed to their popularity and being two of the world’s largest companies. MicroStrategy, on the other hand, is neck-deep in the industry, and especially bitcoin. 

The NASDAQ-listed company announced in August last year its first massive purchase of over $200 million worth of BTC. Ever since then, MicroStrategy, and its founder and CEO, Michael Saylor, have made numerous frequent buys worth in total of over $2 billion.  

Saylor became among the most vocal proponents of the primary cryptocurrency. The executive hosted a large conference aiming to educate CEOs of other firms about the merits of bitcoin.  

Most recently, Saylor participated in an online discussion called The Great Debate. In it, he and Frank Guistra – a well-known gold supporter – argued whether BTC is a better investment tool than the precious metal. 

This article is strictly for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. CryptosOnline.com does not provide investment, tax, legal, business or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any loss or damage caused or alleged to be caused by, or in connection with, the use of or reliance on any content, goods, services or opinions mentioned in this article.

#Bitcoin #Crypto #Cryptocurrency

Categories:

Tags:

Comments are closed

Translate

Our Other Projects

EdgyBranding.com - Premium Domain Names.

Notezi.com - Social Network

ParisArtwork.org - Mid-century Paris NFTs, tokenized on the WAX blockchain.

NewYorkArtwork.org - Mid-century New York NFTs, tokenized on the Ethereum blockchain and offered on Rarible.

Dexize.com - Ultra-Priviate DEX.

ClassicAutomobile.org - Classic Automobile News.