Just saw the announcement, Binance will launch the Tesla (TSLA) perpetual contract on January 28. With a maximum leverage of 5 times, it directly brings Musk's 'divine car' into the crypto scene to party.
Back then, equity tokens had to be tied to real stocks, and even involved dividends and voting rights, which in the eyes of regulators was 'illegal securities'. Today's perpetual contracts, to put it simply, are about trading derivatives. Binance's moat in derivatives and experience in compliance games is clearly much more mature than just tokenization back then. This 'curved rescue' avoids the most sensitive issue of securities issuance.
Everyone look at the current environment: after Trump came to power, the attitude towards crypto in the US has made a 180-degree turn. The New York Stock Exchange is even planning to launch 24/7 tokenized trading, with big players like Nasdaq, JPMorgan, and Goldman Sachs all laying out plans for RWA (real-world assets).
In the past, we had to fight for the traditional finance pie, but now traditional finance is begging to integrate blockchain technology. Binance restarting US stock targets at this moment is perfectly timed, capitalizing on policy dividends.
To be honest, 5x leverage might be a bit 'health-conscious' for those seasoned in trading contracts. However, this signal is still extremely significant.
Many stock traders who want to play with TSLA volatility may directly come to Binance in the future, without waiting for the stock market to open, available 24/7 anytime to trade. Previously, RWA traded US government bonds, now it's directly trading leading US stocks. If TSLA succeeds, then Nvidia, Apple, and Google can't be far behind.
This type of product can directly bring the event-driven aspect of traditional assets (like when Elon Musk tweets) into the crypto market, providing more hedging and arbitrage opportunities for funds.
Binance's return to the US stock market is essentially a bold exploration by crypto giants under compliance constraints, testing the boundaries of traditional finance.