A few weeks after launching its latest product – tradable equity tokens – Binance decided to expand the portfolio with stocks from MicroStrategy, Apple and Microsoft. The three new additions will go live at the end of April.
Binance to add MSTR, AAPL and MSFT
As CryptoPotato reported a few weeks ago, the world’s first cryptocurrency exchange launched a new service called Binance Stock Tokens. By partnering with German investment firm CM-Equity AG and Swiss firm Digital Assets AG, Binance introduced commission-free tradable stock tokens with a coin representing a share of the capital.
The initiative started with Tesla (TSLA), and the exchange added shares of Coinbase (COIN) shortly after the company went public. Earlier today, Binance ad it will add three new stock tokens.
Namely, these are the shares of Apple (AAPL), the American multinational technology giant – Microsoft (MSFT), and the economic intelligence giant of Michael Saylor – MicroStrategy (MSTR). They will be listed as follows:
- Microstrategy (MSTR / BUSD) at 2021-04-26 13:30 (UTC)
- Apple (AAPL / BUSD) at 2021-04-28 13:30 (UTC)
- Microsoft (MSFT / BUSD) at 2021-04-30 13:30 (UTC)
It should be noted that Binance stock tokens come with some restrictions. They are only tradable during US market hours and are not available to residents of Mainland China, Turkey, the United States, and other countries.
MicroStrategy’s link with 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 biggest companies in the world. MicroStrategy, on the other hand, is at the heart of the industry, and bitcoin in particular.
The NASDAQ-listed company announced in August last year its first massive purchase of over $ 200 million of BTC. Since then, MicroStrategy and its founder and CEO, Michael Saylor, have made numerous frequent purchases with a total value of over $ 2 billion.
Saylor has become one of the leading cryptocurrency’s strongest supporters. The executive hosted a large conference aimed at educating CEOs of other companies on the merits of bitcoin.
Most recently, Saylor participated in an online discussion titled The great debate. In it, he and Frank Guistra – a well-known gold supporter – argued whether BTC was a better investment tool than the precious metal.
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