BitRss.com latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Binance Stalls Coinbase Stock Token Listing Due to ‘Market Volatility’

Binance Stalls Coinbase Stock Token Listing Due to ‘Market Volatility’
Just hours after announcing it would offer a tokenized version of Coinbase stock for trading, leading crypto exchange Binance has postponed the listing “due to market volatility.”
Stock tokens allow investors to buy fractions of a share without commission, while also getting dividends. Unlike actual stock holders, however, investors in token stocks have no voting rights in the company.
Binance Will List Coinbase Stock Token (COIN) to Trade Against BUSD
Binance was set to list the Coinbase Stock Token (COIN) to be backed by actual Coinbase stock ($COIN), which began selling publicly today on Nasdaq. However, as one might expect of a new stock being traded via direct listing, the price is fluctuating as the public figures out what the US-based crypto exchange is worth.
$COIN’s reference price yesterday was $250, but it debuted today 52% higher at $381 . It then climbed as high as $424 before sliding to $313. It’s a bit all over the place. While 15% to 20% swings are just a typical Wednesday in crypto markets, they’re less common to stocks–at least, well-established ones.

And Binance, hopeful to cash in on its rival’s big day, isn’t ready to press “go” on COIN/BUSD trading until that volatility settles.
That’s what XRP trading is for, apparently.

BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK

WhatsApp
Telegram

Cool to know huh? Read the full Article

Cool huh? Please read the full Article: Binance Stalls Coinbase Stock Token Listing Due to ‘Market Volatility’


Search about Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

Today Most Popular News