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Binance Allows Users to Trade Tokenized Stocks Starting With Tesla
Users will be able to purchase as little as one-hundredth of a Tesla share, with prices settled in Binance USD (BUSD).
Updated Sep 14, 2021, 12:39 p.m. Published Apr 12, 2021, 11:53 a.m.
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Cryptocurrency exchange Binance is allowing its users to buy fractions of companies’ shares with a new tokenized stock trading service, starting with Tesla.
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- The crypto exchange announced Monday the launch of Binance Stock Tokens, zero-commission digital tokens that qualify holders for returns including dividends.
- As of 1:35 p.m. UTC (9:35 a.m. ET) April 12, users will be able to buy tokens representing fractions of actual Tesla shares, which trade at $677 a share at the time of writing.
- Users will be able to purchase tokens representing as little as one-hundredth of a Tesla share, with prices settled in Binance USD (BUSD).
- The exchange’s native crypto Binance Coin has surged more than 25% in the last 24 hours, reaching an all-time high of $637.44. It is priced at $590.51 at press time. It's not immediately clear what is driving the price of the coin.
- It’s not the first tokenized stock play in crypto land: Terra Labs’ Mirror Protocol went live in December.
- But where Mirror uses synthetic stocks (or tokenized representations of actual equities), the Binance product is “backed by a depository portfolio of underlying securities” managed by an investment firm in Germany.
UPDATE (April 28, 20:42 UTC): Makes it more clear that Binance isn't offering the shares itself but tokens representing them.
See also: Binance Faces CFTC Probe Over US Customers Trading Derivatives: Report
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
知っておくべきこと:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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How a 'perpetual’ stock trick could solve Michael Saylor’s $8 billion debt problem
The bitcoin treasury firm is using perpetual preferreds to retire convertibles, offering a potential framework for managing long-dated leverage.
知っておくべきこと:
- Strive upsized its SATA follow on offering beyond $150 million, pricing the perpetual preferred at $90.
- The structure offers a blueprint for replacing fixed maturity convertibles with perpetual equity capital that removes refinancing risk.
- Strategy has a $3 billion convertible tranche due in June 2028 with a $672.40 conversion price, which could be addressed using a similar preferred equity approach.
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