Binance Ventures into TradFi Market Again After Five Years, Increases Tradable Assets to 12

BlockBeats News, February 5th, Binance's further expansion into the TradFi market was announced today, stating that starting from February 9th, it will gradually list MSTR (MicroStrategy), AMZN (Amazon), CRCL (Circle), COIN (Coinbase), and PLTR (Palantir) U-based perpetual contracts. With this, Binance's stock contract market will increase to 8 assets, and the TradFi market assets will reach 12.

Binance has recently launched perpetual contract trading for Tesla (TSLA), Intel, and Robinhood stocks. In addition to the stock market, Binance has also launched contracts for trading gold, silver, platinum, and palladium.

It is worth noting that Binance launched stock tokenized product 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 traditional stock trading. Due to regulatory reasons, this service was gradually discontinued on July 16, 2021. Today, about 5 years later, cryptocurrency has moved towards full compliance, tokenization has become the most discussed topic of crypto in traditional finance, and crypto users can once again trade tokenized stock products on CEX and DEX.