Binance "re-entering" the US stock market: $TSLA futures launched, will this bring about a new market activity cycle?
Binance announced the launch of perpetual contracts for Tesla (TSLA) on January 28, supporting leverage up to 5x. This contract tracks the common stock price of Tesla (NASDAQ: TSLA).
This marks Binance's first return to the US stock market with a clearly defined product form since halting its security token services in July 2021. Behind this product form change is another cautious yet ambitious effort by the crypto giant to test the limits of traditional finance, despite high compliance barriers.