Microsoft, Apple and Microsoft Strategy stock tokens listed on Bainance

Microsoft, Apple and Microsoft Strategy stock tokens listed on Bainance

Bainance Exchange announced that it will list shares of Microsoft, Apple and Microstrate until the end of April.

Users of this exchange can buy microstrate stock from today. Apple and Microsoft stock tokens will be listed on April 28 and 30, respectively.

Since the beginning of this month, Bainance has started listing stock tokens. Tesla was the first company to list the exchange in the form of a token. Bainance has even listed the stock of its rival, Kevin Base.

All of these token stocks are purchased with the Stable Kevin Bainance (BUSD).

While these products are also offered by FTX, Bainance offers free stock trading.

It is worth noting that these tokens can be traded only during the opening hours of the US stock market.

Legal supervision

Bainance is under new legal scrutiny because of its new product, which is supposed to democratize stock trading.

On April 22, the Financial Times reported that the UK Office of Financial Conduct had begun working with an exchange to determine whether the product was covered by UK securities law:

"We cannot comment specifically on our confidentiality obligations. Basically, the following applies: If the tokens are transferable, can be traded in a crypto exchange, and are equipped with economic rights such as dividends or cash settlements, they represent securities and are subject to the issuance of a stock listing. ”

Turkish, American and Chinese Bainance users have been banned from trading these tokens.

An overview of the cryptocurrency market Saturday, April 3

An overview of the cryptocurrency market Saturday, April 3

Bitcoin dominance falls to its lowest level in 7 months

While most alternative coins have made significant gains over the past few days, bitcoins have stopped below the 60,000 level. The first cryptocurrency in the market has been struggling with this particular price line for some time, but all its repeated attempts to overcome this resistance have failed every time and pushed it down.

In the last 24 hours, BTC was only a few hundred dollars away from touching $ 60,000 again, but subsequent corrections reduced the asset to its lowest daily level of $ 58,500.

Despite recovering several hundred dollars worth of bitcoin and trading above $ 59,000 at the time of this writing, bitcoin dominance has suffered a major blow. In fact, the benchmark for comparing the BTC market value with other encrypted assets has dropped to 58.4%. This is the lowest level of bitcoin dominance in the crypto market since mid-September 2020. It should be noted that this criterion in early January 2021 was much higher than 70%.

Polkadat ranks fourth in the market

The last few days have been quite bullish for the Altcoins market. Atrium has led the way with the formation of several consecutive daily green candles, and as a result of these developments, it was able to conquer the territory of $ 2,000 again yesterday.

Of course, the market's second cryptocurrency did not stop here and continued to advance until a new downturn of around $ 2150 (on Bitstamp). Despite some modifications since then, ETH is still trading above $ 2,100.

Bainance Quinn fell slightly from yesterday's record above $ 350 and traded around $ 340. Cardano and Theta have had minor gains, while LightQueen (6%), Ripple (12%) and Uni Swap (11%) are all green.

Nevertheless, Polkadat had the most significant performance among the top 10 currencies in the market, with a significant increase of 22% on a 24-hour scale. As a result, DOT became the fourth cryptocurrency in terms of market value, setting a new record at $ 46.5.

Double-digit growth in tokens such as Holo (57%), Livepeer (42%), BitTorrent (19%), EOS (14%), Solana (13%) and Cosmos (12%) is also significant.

Finally, the total market value of cryptocurrencies remains above $ 1.9 trillion, but it is still about $ 30 billion before it touches $ 2 trillion for the first time.