This is not a new Tesla cryptocurrency
Despite the appearance of pairs like TSLA/USDT on Binance, Tesla as a company has NOT released its own cryptocurrency. Tesla does not have an official token or coin.
Binance
💹 What has actually appeared
Binance has launched a new product - a perpetual futures contract TSLAUSDT, which allows trading the price movement of Tesla shares (TSLA on Nasdaq) through a crypto platform with leverage of up to 5x and 24/7 trading. This means it is a derivative/contract, not regular crypto or a token.
📊 Key features:
🟢 The contract tracks the Tesla stock quote, but you do not purchase the actual shares.
🕐 Trading is available around the clock - unlike regular stock markets.
📉 You can use USDT as a settlement and trade with leverage. #TSLALinkedPerpsOnBinance
🪙 What about tokens like TSLA?
Sometimes in third-party places, projects like 'Tesla token' appear, which are not related to the official company - these could just be meme tokens or even low-quality projects. It's always worth checking what is behind the asset, especially if it promises a connection to Elon Musk or Tesla without confirmation from the company itself. #TSLALinkedPerpsOnBinance
