On Wednesday, April 14, Binance will list Coinbase Stock Token (COIN) tokens backed by a portfolio of real Coinbase stocks.

COIN will only be paired with the BUSD stablecoin during the traditional trading session. Tokens will allow users to purchase a fragmented share – a part of one share.

Buyers of tokens are entitled to potential dividends by analogy with shareholders.

COIN trading is not available to residents of mainland China, Turkey and several other jurisdictions.

Changpeng Zhao stressed that many exchanges are dropping the Binance Coin listing because they do not want to help a competitor. Binance, he said, will not miss out on good volumes and coins with the community.