March 28, 2024

Tesla shares are available for purchase and sale on Binance

Tesla shares are available for purchase and sale on Binance

Binance, the largest cryptocurrency exchange, has announced the listing of tokenized shares with zero fees forexpanding access to traditional financial instruments. This is stated in the platform's press release.

The exchange will be the first to add shares in electric car maker Tesla (ticker: TSLA). Users will be able to buy / sell tokens, which give the right to a part of the company's real securities.

The minimum deal size will be one hundredth of a token representing the same share of Tesla shares.

"By connecting traditional and cryptocurrency markets, we are building another technological bridge for a more inclusive financial future."“Said Binance CEO Changpeng Zhao.

Binance promised to expand the list of tradedtokenized shares as required. Traders must go through the KYC procedure, as the new product is not available to residents of China, Turkey, the United States and some jurisdictions.

The exchange launched a new product in partnership with investment company CM-Equity AG and Swiss platform Digital Assets AG.

To recap, in March 2021, Binance entered into a strategic partnership with private capital markets platform CapBridge Financial, regulated by the Monetary Authority of Singapore.

Binance is the most popular crypto exchange in Russia and the CIS, as it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Tesla shares are available for purchase and sale on Binance

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