The Tesla stock token has seen a trading volume of $6.7 million within three days of its listing on Binance.
Binance's stock tokens are priced and settled in BUSD, meaning users can buy and redeem them via the exchange's stablecoin.
Interested traders are required to pass know-your-customer and other relevant compliance measures. However, residents of the U.S., mainland China, Turkey, and other restricted jurisdictions are barred from buying stock tokens on Binance.
Since Binance follows traditional market hours for tokenized stock trading, the Coinbase stock token will follow Nasdaq hours.
It is not clear who will help Binance settle the Coinbase stock token. The Block has reached out to Binance and will update this story should we hear back.
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