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  4. Binance Stops Selling Tesla, Facebook, Google Stock Tokens
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Binance Stops Selling Tesla, Facebook, Google Stock Tokens

Binance has announced that it has stopped selling stock tokens. The decision comes after increased scrutiny from financial regulators. Users who hold stock tokens have 90 days to...
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Binance Stops Selling Tesla, Facebook, Google Stock Tokens Binance Stops Selling Tesla, Facebook, Google Stock Tokens

  • Binance has announced that it has stopped selling stock tokens.
  • The decision comes after increased scrutiny from financial regulators.
  • Users who hold stock tokens have 90 days to sell them or move their holdings.

BINANCE UNDER FIRE: Following strict scrutiny from financial regulators, Binance has put a stop to its selling of stock tokens. The largest crypto exchange said that it will halt stock tokens so that it can focus on “other product offerings.”

A notice on Binance.com states:

Effective immediately, new stock tokens are unavailable for purchase on Binance.com, and Binance.com will no longer support any stock tokens after 14 October 2021

Binance said it will halt the stock tokens so that it can focus on “other product offerings.”

These stock tokens were in essence just tokenized versions of popular equities such as Tesla (NASDAQ:TSLA), Facebook (NASDAQ:FB), Google (NASDAQ:GOOGL), Coinbase, and others. To list them on its platform, Binance partnered up with German investment firm CM-Equity. The same company ...

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01-05-2024 10:45:17 (UTC+7)

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-0.0008 (-0.07%)

Summary

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Moving Avg:

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Indicators:

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157.91

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AUD/USD

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-0.0003 (-0.05%)

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1.3780

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EUR/CHF

0.9808

+0.0001 (+0.01%)

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2,295.80

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26.677

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4.5305

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81.14

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85.62

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213.73

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Euro Stoxx 50

4,920.55

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5,035.69

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DAX

17,921.95

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FTSE 100

8,144.13

-2.90 (-0.04%)

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17,763.03

+16.12 (+0.09%)

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1,973.05

-42.98 (-2.13%)

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10,854.40

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49.155

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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RON 95-V25.44025.940
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