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Crypto Newbie
02-05 19:54
According to BlockBeats, on February 5th, Binance took another step forward in its expansion into the TradFi market. Today, it announced that starting February 9th, it will launch five US stock USDT-margined perpetual contracts: MSTR (Strategy), AMZN (Amazon), CRCL (Circle), COIN (Coinbase), and PLTR (Palantir). This brings the total number of US stock contracts available on Binance to eight, and its total number of TradFi contracts to twelve. Binance recently launched perpetual stock contracts for Tesla (TSLA), Intel, and Robinhood. In addition to the US stock market, Binance has also launched contracts for gold, silver, platinum, and palladium. It's worth noting that Binance launched trading of tokenized stocks in April 2021, with Tesla as the first supported stock token, priced in BUSD at the time. This product was essentially a synthetic asset, not a genuine trading of traditional stocks. The service was subsequently phased out on July 16, 2021, due to regulatory reasons. Approximately five years later, cryptocurrencies have achieved full compliance, and tokenization has become one of the most discussed topics in traditional finance. Crypto users are once again able to trade tokenized stock products on CEXs and DEXs.
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