Binance will launch a Tesla equity perpetual contract on its futures platform on Wednesday, allowing traders to speculate on Tesla Inc. stock (TSLA) with up to 5x leverage, according to a recent announcement.
The TSLAUSDT contract tracks Tesla’s Nasdaq-listed common stock and settles in USDT. Trading will be available 24/7 with a minimum trade amount of 0.01 TSLA and a minimum notional value of 5 USDT.
Multi-asset mode is supported, enabling users to trade using alternative margin assets like Bitcoin, according to Binance. The exchange noted that it may adjust contract specifications based on market risk conditions, including funding fees, tick size, maximum leverage, and margin requirements.
TSLA saw a small decline in Monday’s pre-market session, Yahoo Finance data shows. The stock’s value has increased by approximately 9% in the past year.
Source: https://cryptobriefing.com/binance-to-launch-tesla-perpetual-contract-5x-leverage/
