In other updates from the crypto exchange, Binance has recently introduced Stock Tokens. With these tokens, users can trade fractional stocks. By the time of writing, it listed and opened trading for Tesla Inc. (TSLA) and Coinbase (COIN) Stock Tokens.

The CEO of Binance Changpeng Zhao has revealed that Binance’s plan for this year is to work on launching the Binance Card as soon as possible. In particular, the card will allow P2P crypto transactions and payments to merchants with cryptocurrency.

Binance Coin (BNB) has posted massive gains this year. Starting with the price of about $37.7 on January 1, the token grew to an all-time high of $637.44 on April 12, per Coin Market Cap data. It now ranks third among cryptocurrencies, with a market cap of over $79.6 billion. The token is now down over 6% from yesterday, trading at about $514 at the time of writing.

Analyst Nicholas Merten attributes the BNB rally to the delay in the Ethereum upgrade that made some traders migrate to Binance Smart Chain for altcoin trading.

The post New trading pairs available, and other Binance news appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.