Share this article
Binance to End Support for Stock Tokens
The crypto exchange said that stock tokens are unavailable for purchase on its website effective immediately.
Updated Sep 14, 2021, 1:26 p.m. Published Jul 16, 2021, 9:51 a.m.
Crypto exchange Binance said it will no longer support tokens linked to stocks barely three months after it made them available on its trading platform.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Binance announced Friday that stock tokens are unavailable for purchase on its website effective immediately and support for such tokens will end on Oct. 14, with all positions closed the following day.
The embattled exchange said the move will allow it to focus on other products.
Binance introduced its stock token service in April, enabling customers to buy fractions of shares in companies, starting with Tesla and followed quickly by Coinbase. MicroStrategy, Microsoft and Apple were added shortly thereafter.
It did not take long for regulators to raise their eyebrows, with the financial watchdogs of the U.K. and Germany expressing concern in the following weeks.
The backlash against Binance has come to a head in recent weeks, with regulatory bodies around the world issuing warnings that the crypto exchange is not licensed to offer regulated services in their markets, including the U.K. and Japan.
The most recent warning came from Hong Kong, whose markets regulator announced today that Binance is not registered to operate in its jurisdiction.
CEO Changpeng "CZ" Zhao addressed Binance's woes in an open letter July 7, calling compliance a "journey" and spoke of the need for "clearer regulatory frameworks" in response to the wider adoption of crypto.
Binance users in the European Economic Area and Switzerland who have bought stock tokens can migrate them to a new platform being built by CM-Equity AG, the German investment firm Binance worked with in the stock token venture.
The new platform is expected to open several weeks before the October deadline.
Read more: State of Crypto: Binance Is Firmly in the Regulatory Crosshairs
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
ETH, ADA, XRP Lead Gains as Bitcoin Edges Higher on Fed Rate Cut Expectations
Asian equities opened the week slightly higher ahead of a heavy run of central bank decisions, including a Federal Reserve meeting where markets have largely priced in a 25-basis-point rate cut.
What to know:
- Bitcoin traded above $91,300 as Asian equities opened higher, with markets anticipating a Federal Reserve rate cut.
- Bitcoin rose 2% in 24 hours, facing resistance near $94,000, while Ether gained 3% to $3,135.
- Despite crypto market gains, sentiment remains cautious, with potential for a deeper slowdown without new liquidity.
Top Stories
