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1 month ago
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Binance has announced that it will cease the purchase of stock tokens on its platform effective immediately
Binance will no longer support stock tokens after October 14th, 2021
Holders of the stock tokens on Binance have until October 14th to sell them manually
After which all token positions will be closed on October 15th
Hodlers of the stock tokens residing in the European Economic Area can transfer their positions to CM-Equity AG once a portal is created
The popular crypto exchange of Binance will cease the purchase of all stock tokens on its platform, effective immediately. The team at the exchange made the announcement earlier today and also explained that the move was meant to shift their ‘commercial focus to other product offerings’.
Holders of Stock Tokens on Binance Have Until October 14th to Sell Them
Holders of stock tokens on Binance have until October 14th this year, to manually sell them as the exchange will cease all support of the tokens on the same day at 19:55 UTC. Additionally, any stock token positions that will remain open beyond the 14th will be closed on October 15th at 13:30 UTC.
The closing prices used on the 15th of October, will ‘be based on actual executed prices after the market opens for trading at 2021-10-15 13:30 (UTC), and may differ from the market prices from the previous day’.
Binance Stock Token Holders in The EEA Can Migrate Their Positions onto CM-Equity AG Portal
Stock token holders residing in the European Economic Area (EEA) have an additional option of transferring their positions to CM-Equity AG which is developing a portal for this particular process. The team at Binance provided the following information and timeline with respect to the CM-Equity AG portal in development.
