Tesla stock tokens will be available on cryptocurrency exchange Binance when the Nasdaq opens Monday – but not for everyone.
Investors in the U.S., mainland China and Turkey will not be able to own the stock tokens, which allow traders to buy and sell fractions of underlying shares, a notable if not groundbreaking effort that would lower the bar for entry into high-priced stocks for traders.
The Tesla (TSLA) tokens will be priced and settled in Binance USD (BUSD), a stablecoin pegged to the U.S. dollar and issued by New York-based Paxos Trust Company.
This is the first of many stocks that will become available under this methodology.
This is quite a strong and bullish signal for Binance altcoin.
Is this the best altcoin to invest at the moment?
