After 5 Years, Binance Relists 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 trading in April 2021, with the first supported stock token being Tesla, priced in BUSD at the time. This product is essentially a synthetic asset rather than actual stock trading. However, due to regulatory reasons, this service gradually ceased trading on July 16, 2021.

Approximately 5 years later today, cryptocurrency has moved towards full compliance, and tokenization has become the most discussed topic in crypto's integration into traditional finance. Crypto users can once again trade tokenized stock products on both CEXs and DEXs.