Binance continues to source shares of major companies and represent them with digital currencies that can be traded on its platform.

hours ago, announced Binance, which is the largest cryptocurrency exchange in terms of trading volume, announced that it will list the shares of Apple, Microsoft and Microstrategy as digital currencies for trading by the end of April.

Binance users will be able to view the shares of Microstrategy, one of the first bitcoin incubators, today at 13:30 UTC.

While Apple and Microsoft stock currencies will be listed on Binance on April 28 and April 30, respectively.

Read:Project Monero (XMR) is under 51% more attack risk than ever before…Here’s why!

Binance launched its foray into cryptocurrency trading earlier this month.

The shares of the electronic car maker, Tesla, are the first company to be listed as cryptocurrencies on the Binance platform.

It also added the shares of its competitor, Coinbase, the cryptocurrency trading company, which went public on April 14.

All shares represented in cryptocurrencies listed on Binance will trade against BUSD, the Binance stablecoin.

While the FTX trading platform offers similar products, Binance offers the aforementioned commission-free cryptocurrency trading to increase its presence and increase its competitiveness.

All digital currencies represented by stocks are fully backed by a corresponding portfolio of underlying securities.

It should be noted that the cryptocurrencies representing the shares of Binance are only tradable during US market hours.

Regulatory audit:

Binance has undergone a new regulatory scrutiny over its new product (shares in the form of cryptocurrencies) that is supposed to democratize stock trading.

On April 22, the Financial Times reported that the UK’s Financial Conduct Authority has begun working with Binance to determine whether the product falls under the country’s securities laws, and to quote the Financial Conduct Authority, the following:

Read:Solana “SOL” outperforms Bitcoin and Ethereum in terms of weekly institutional financial flows

We cannot comment on a specific case due to confidentiality obligations.

However, the following mainly apply to these new products:

If the shares are in the form of convertible digital currencies, can be traded on a digital currency platform and are equipped with economic benefits such as dividends or cash settlements, then they represent securities and are subject to the obligation to publish the prospectus.

For your information, Binance users from the US, Turkey and China are prohibited from trading these stock cryptocurrencies.

Read also:

Now it is possible to trade Tesla shares as digital currencies on the Binance platform

Report: Staking and staking rewards will double by 2022