Crypto trading platform Binance revealed the addition of the Coinbase stock token today.
It will take place after Coinbase goes public on Nasdaq. This means Binance visitors will be offered to acquire Coinbase stock in portions.The platform outset listing non-commission, exchangeable stock tokens first introducing Tesla on April 12. In three days the commercial volume of Tesla tokens reached $6.7 M. Owners of stock tokens will get percentages of the shares. The major crypto network mentioned its intention to present more such tokens over time.
Buying of the units is managed through Binance's stablecoin BUSD.
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There are a few needed steps to carry out the purchase like Level 2 or Level 3 KYC.Users from Mainland China, Turkey, the U.S, and other confined jurisdictions are disallowed to trade stock units. As Binance work is connected with the traditional market timeline, the stock token of Coinbase will work corresponding to Nasdaq timing.
While the Binance environment continues to grow and offer users more products, the native token BNB sets new highs. It's the third in terms of the market cap which is over $90.6 B. The price of the token reached a new all-time high surpassing $637.