Binance to launch Tesla perpetual contract with up to 5x leverage

Binance announced it will launch a Tesla equity perpetual contract (TSLAUSDT) on its futures platform this Wednesday. This contract allows traders to speculate on Tesla Inc.'s Nasdaq-listed common stock with leverage of up to 5x, settling in USDT. Trading will operate 24/7, with a minimum trade size of 0.01 TSLA and a minimum notional value of 5 USDT. The exchange supports multi-asset mode, allowing margin trading with assets like Bitcoin. Binance reserves the right to adjust contract specifications, such as leverage and margin requirements, based on market risk conditions. This news follows a slight dip in TSLA's pre-market trading on Monday, despite the stock having increased by about 9% over the past year.

(Source：Crypto Briefing)