Bitcoin
Bitcoin (BTC)
$70,413.00 0.50546
Bitcoin price
Ethereum
Ethereum (ETH)
$3,566.81 -0.1573
Ethereum price
BNB
BNB (BNB)
$582.56 1.04651
BNB price
Solana
Solana (SOL)
$183.58 -1.66331
Solana price
XRP
XRP (XRP)
$0.6196620 -0.16356
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000321 5.53054
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000081 2.27499
Pepe price
Bonk
Bonk (BONK)
$0.0000275 6.56459
Bonk price
Bitcoin
Bitcoin (BTC)
$70,413.00 0.50546
Bitcoin price
Ethereum
Ethereum (ETH)
$3,566.81 -0.1573
Ethereum price
BNB
BNB (BNB)
$582.56 1.04651
BNB price
Solana
Solana (SOL)
$183.58 -1.66331
Solana price
XRP
XRP (XRP)
$0.6196620 -0.16356
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000321 5.53054
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000081 2.27499
Pepe price
Bonk
Bonk (BONK)
$0.0000275 6.56459
Bonk price
Bitcoin
Bitcoin (BTC)
$70,413.00 0.50546
Bitcoin price
Ethereum
Ethereum (ETH)
$3,566.81 -0.1573
Ethereum price
BNB
BNB (BNB)
$582.56 1.04651
BNB price
Solana
Solana (SOL)
$183.58 -1.66331
Solana price
XRP
XRP (XRP)
$0.6196620 -0.16356
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000321 5.53054
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000081 2.27499
Pepe price
Bonk
Bonk (BONK)
$0.0000275 6.56459
Bonk price
Bitcoin
Bitcoin (BTC)
$70,413.00 0.50546
Bitcoin price
Ethereum
Ethereum (ETH)
$3,566.81 -0.1573
Ethereum price
BNB
BNB (BNB)
$582.56 1.04651
BNB price
Solana
Solana (SOL)
$183.58 -1.66331
Solana price
XRP
XRP (XRP)
$0.6196620 -0.16356
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000321 5.53054
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000081 2.27499
Pepe price
Bonk
Bonk (BONK)
$0.0000275 6.56459
Bonk price

Binance Set to List Coinbase Token $COIN Today

News
Binance Set to List Coinbase Token $COIN Today

According to a recently released Binance statement, the exchange is planning on listing a Coinbase stock token dubbed $COIN on April 14 at an unknown UTC. Coinbase had previously announced that its 1,700 employees had received 100 shares of the token as a gift. A share of $COIN, according to token provider Coinbase, is valued at $250, which means the company’s employees have acquired about $25K in total.

IPO or No IPO

The Coinbase token listing has raised a spirited debate on the financial market, whether it stands as an Initial Public Offering (IPO) or it is a direct listing. Wall Street business analysts insist investors must note that the two have a difference. Coinbase has taken the direct listing route whereby the company will not add more shares to the available ones currently. 

Coinbase’s $COIN Trading on Binance

After the stock is listed, Binance users will have the ability to trade the tokens in fractions. The Binance tokenized shares trading commenced a few days ago, with Tesla becoming the first company to allow sales of its tokens on the exchange. Users are permitted to make settlements in Binance US Dollars(BUSD), enabling them to redeem bought shares in the exchange’s stablecoin.

To trade stock tokens, traders must comply with Know-Your-Customer and other security measures. Nonetheless, not all countries are eligible for the trade as constituents of China’s Mainland, Turkey and other Binance restricted regions. Since Coinbase is listing its token on the Nasdaq Exchange, the stock tokens’ trading will happen during Nasdaq operational hours. 

Binance Stock Token Trading

Earlier this month, Binance introduced themselves in the tokenized shares trading space, joining trading giants Bittrex and FTX. According to Binance, the tokenization of shares makes it cheaper for interested investors to cut a piece of the profits cake from institutions such as Tesla. Binance users can now buy as tiny as one-hundredth of shares in token form, as companies like Tesla sell one stake for $700, which is quite expensive.

Moreover, they announced that the stock token trading is commission-free as the exchange is not precisely intermediaries to the companies selling stock tokens publicly. Also, Binance assured the public that they would add more tokens subject to market demand. CEO Zhao, however, stated that the tokens are not shares but can be termed as dividends of the selling company.

The announcement of stock token trading has somewhat positively affected Binance’s native token $BNB. The Binance Coin’s price has gained momentum more than $BTC and $ETH over the last four months, and it sold at $563 at press time.

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