Binance postponed the listing of Coinbase Stock Token (COIN) due to market volatility. Binance says “The TLSA/BUSD trading pair will unaffected and can be traded on Binance”.
Stoke tokens allow investors to buy shares without commission while also getting dividends. Actual stockholders, however, investors in token stock have no voting rights in the company.
Binance postponed the listing of Coinbase Stock Token (COIN) due to market volatility. But, Binance was set to list the Coinbase stock Token (COIN) to be back by actual Coinbase stock which began selling publicly yesterday on Nasdaq. Coinbase COIN stock has a reference price of $250 per share, giving the exchange a pre-trading valuation of $66.5 billion. Then climbed as high as $ 424 before sliding to $313. It’s a bit all over the place. Wednesday 15% to 20% swing are just a type in a crypto market they’re less common to the stock market.
Binance said before “Binance will continue to respond to market demand by listing more stock token and features.” On Monday Binance started allowing its users to buy fractions of companies share with new Tokenized stock trading services starting with Tesla.
Binance hopeful to cash in on its rival big day isn’t ready to press “go” on COIN/BUSD trading until that Volatility settles.
