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Cryptocurrency Ecosystem => Crypto Exchanges => Binance => Topic started by: Tnoy30 on July 16, 2021, 02:52:32 PM

Title: Binance stops stock token sales, ‘effective immediately’
Post by: Tnoy30 on July 16, 2021, 02:52:32 PM

The crypto exchange gave no indication as to the reason, stating only that it would be shifting its “commercial focus to other product offerings.”
Binance’s highly popular stock tokens, a relatively recent offering, are being wound down immediately. In an announcement published on Friday, the exchange announced that “effective immediately,” stock tokens are unavailable for purchase on Binance.com. As of October 14, 2021, at 7:55 pm UTC, the exchange will no longer support stock tokens at all.
Source: Binance stops stock token sales, ‘effective immediately’

 (https://cointelegraph.com/news/binance-stops-stock-token-sales-effective-immediately)

Title: Re: Binance stops stock token sales, ‘effective immediately’
Post by: Mayajal on July 22, 2021, 04:59:46 PM

Binance said it will halt the stock tokens so that it can focus on "other product offerings. Launched in April, the stock tokens are tokenized versions of popular equities like Tesla, Facebook, Google and Coinbase, among others. The tokens are listed on Binance via a partnership with German investment firm CM-Equity. The firm has also helped FTX Exchange and Bittrex with similar stock token services.