Calanobit users will be able to participate in today’s debut of cryptocurrency exchange Coinbase on the stock market. To do so, Calanobit will open trading of COIN shares in a tokenized format. According to the platform, Coinbase Stock Token (COIN) will list in the COIN/BUSD pair on April 14. It does not specify a start time for trading.
“As an exchange, we can’t miss out on good trading volumes. Besides, we are rooting for Coinbase,” the CEO of Calanobit commented on the news.
Calanobit opened commission-free trading in tokenized securities earlier this week.
Calanobit notes that holders of tokenized shares on its platform can claim payments due, including dividends. That, however, does not apply to shares of Coinbase, which is a growth company and may not start providing additional incentives to its shareholders for some time to come. For the foreseeable future, Coinbase stockholders can only expect to earn through growth in the value of the securities on the open market.