Tesla intends to hold any Bitcoin received from purchases of its products, rather than converting it into fiat currency.ĬEO Elon Musk has become one of the most prominent advocates for cryptocurrency in February of this year, Musk said that investors “might as well have crypto” if they were considering investing in gold. In March, the company began accepting Bitcoin as a form of payment for its cars. Image: Shutterstock.Įarlier this year, the EV manufacturing company-led by CEO Elon Musk-announced a whopping $1.5 billion investment into Bitcoin. This isn't the first time that Tesla has crossed paths with the world of cryptocurrency. While the TSLA stock token is the first to be listed, the exchange intends to “respond to market demand” by listing more stock tokens and features in the future. Holders of these tokens qualify for economic returns on the underlying shares, including potential dividends, per the Binance website. BNB, first minted in 2017, is the world’s fifth most valuable cryptocurrency. Binance Stock Tokensīinance stock tokens are digital tokens that are backed by a portfolio of underlying securities. Binance’s native token, BNB, has fallen 15 in the past week, including a drop of over 6 in the past 24 hours. Trading for the TSLA/BUSD pair will open at 13:35 UTC on April 12, 2021. The first Binance Stock Token (BST) to be listed is Tesla Inc. All stock tokens are denominated, settled and collateralized in Binance USD (BUSD), a US dollar-denominated stablecoin. Crypto exchange Binance has announced the launch of zero-commission tradable stock tokens that allow users to trade in fractional stocks.
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