Premiere: Crypto exchange Binance launches option to buy Tesla shares using cryptocurrency

Binance, the largest cryptocurrency exchange platform, has launched for the first time globally the possibility to buy shares in listed companies using cryptocurrencies, and the first shares that can be traded in this way are those of the car manufacturer Tesla, according to the platform’s press release.

Transactions with shares and cryptocurrencies will have zero commission, according to the press release, and combine for the first time transactions on the traditional capital markets with those on cryptocurrencies exchanges.

Binance is a company that uses blockchain technology and collaborates with the platforms CM-Equity AG (Germany) and Digital Assets AG (Switzerland) to create the new trading tool.

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The platform will also allow customers to buy fractions of Tesla shares, which are currently listed at $723.