Binance is a crypto trading platform and one that is being used by people all over the world for the sake of making crypto-based investments, full-time or part-time trading, and crypto-based transactions. One of the critical features of this platform is that it offers minimal overall fees, and for that alone, it is a massive hit among crypto enthusiasts and the financial sector. Kind of off-drifting into the void of investment science, Binance has decided to issue the zero-commission tradable tokens, which means that people would be able to invest in stocks using cryptocurrency rather than fiat money. 

Each and every stock token will represent one share of the equity stock, and among many stock tokens to come, the first one that gets launched will be of Tesla. Such a diversified and giant project had to involve some manual power, and that is why Binance is launching these with the help of CM-Equity AG and digital assets AG.

Story Behind the Binance and Tesla Compendium

For many smart people out there who are well versed with every turn the crypto market takes and the influencers behind it, the union of Tesla and Binance doesn’t come out as a surprise because given the involvement of Elon Musk on social media platforms regarding cryptocurrency and especially Bitcoin it was kind of a given. The announcement did confirm that Binance will be listing the first tradable stock token from Tesla as the company did buy $1.5 billion worth of Bitcoin, and ever since then, the stock of Bitcoin has been trading simultaneously to that of Tesla. According to the recent reports made by Elon Musk it is stated that Tesla is now accepting Bitcoin from clients to pay for the vehicles they want to buy from Tesla.

Binance has cleared that traders will be able to buy 1/100 of the stock token, which is the minimum possible value that can be bought. And furthermore, it represents the same as the fraction of a Tesla share. Again Binance did add that they will be pricing all of their stock tokens in Binance USD.