After 5 Years, Binance Re-Lists Tesla Stock Trading

BlockBeats News, January 26, Binance announced today that it will soon launch a Tesla (TSLA) Leveraged Token (U) perpetual contract, supporting up to 5x leverage.

It is worth noting that Binance launched stock token products trading in April 2021, with the first supported stock token being Tesla priced in BUSD. This product is essentially a synthetic asset rather than actual trading of traditional stocks. The service was gradually discontinued on July 16, 2021, due to regulatory reasons.

Approximately 5 years later, today, cryptocurrency has moved towards full compliance, and tokenization has become the most discussed topic of crypto in the traditional financial sector. Crypto users are once again able to trade tokenized stock products on both CEX and DEX.