⚡️ Brothers, brothers, after five years, Binance is going to relaunch stock token trading. The first trial is Tesla's perpetual contract, which supports up to 5x leverage, and it looks serious.

In fact, Binance tried this model back in 2021, but at that time, regulations were tight, and technology was not mature, so it stopped shortly after. Now, five years have passed, and the environment is completely different.

On one hand, the U.S. attitude toward crypto is much friendlier than before, with more policy space. On the other hand, stock tokenization has developed rapidly in the past two years, with market capitalization doubling, and trading activity increasing. Moreover, the infrastructure like stablecoins and oracles have matured, and the technology is no longer as constrained as before.

Binance clearly understands that relying solely on the growth of the crypto circle is approaching its ceiling. Compared to global stock market investors, the crypto market is still much smaller. This is exactly the new users and new markets they hope to attract. Additionally, stock derivatives have large trading volumes and considerable fees, which naturally excites Binance.

This time they chose Tesla again, which somewhat implies getting back up from where they fell. After all, Elon Musk and Tesla inherently attract attention.

Of course, now there are not only Binance engaging in stock tokens; platforms like Bitget and Gate have also started moving, with significant trading volumes. But what’s more noteworthy is whether crypto exchanges like Binance will compete directly with traditional exchanges like NASDAQ and NYSE in the future? Although they are still far from the same scale, crypto platforms actually have advantages in flexibility and rapid product iteration.

This liquidity battle may just be beginning; whoever can find a balance between regulation and user experience will be better able to attract a new generation of traders and go further.

What do you think? Do you feel that trading Tesla contracts on Binance is more convenient, or would you prefer to continue operating through the brokerage app?