(TSLA). Trading for the TSLA/BUSD pair is scheduled to open at 1:35 PM (UTC). The first Binance Stock Token to be listed is Tesla Inc. The price of the TSLA token is going to be linked to BUSD, which is a cryptocurrency attached to the value of the US dollar: Holders of stock tokens qualify for economic returns on the underlying shares, including potential dividends.” “Binance Stock Tokens are zero-commission digital tokens fully backed by a depository portfolio of underlying securities that represents the outstanding tokens. The company described this new stock token product: Now, Tesla is getting some love back from the crypto community, which now has a new way to invest in the electric automaker.īinance, one of the world largest’s cryptocurrency exchanges, announced today the launch of its Zero-Commission, Tradable Stock Tokens - starting with the first token being linked to Tesla’s stock. The move has helped boost the price of Bitcoin and put an even bigger spotlight on cryptocurrency. The automaker invested $1.5 billion in Bitcoin in February and started accepting Bitcoin as payment for its electric cars last month. Over the last few months, Tesla has made some move in the rapidly growing cryptocurrency space. Tesla’s stock (TSLA) will be the first to trade as a token on Binance’s exchange so that users can buy fractional shares using cryptocurrency.
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