đš Important: TSLA/USDT Is NOT a Tesla Crypto Tokenđš
Seeing TSLA/USDT on Binance? That does not mean Tesla launched a coin.
Tesla has no official cryptocurrency or token.
So what is it? đ
đč What Binance actually launched
Binance introduced a TSLAUSDT perpetual futures contract.
This lets users trade the price movement of Tesla stock (Nasdaq: TSLA) using crypto tools.
It is a derivative, not real shares and not a crypto token.
đ How it works:
đą Tracks Tesla stock price
â You do NOT own Tesla shares
đ Trades 24/7 (unlike stock markets)
đ Settled in USDT
⥠Leverage available (up to 5x)
đȘ About âTesla tokensâ you may see elsewhere
Some third-party projects use names like âTesla token.â These are not connected to Tesla or Elon Musk. Many are just meme or low-quality projects.
đ Always verify the asset and the official source before trading.
Bottom line:
TSLA/USDT = stock-linked futures contract, not a Tesla crypto coin.
#TSLALinkedPerps #DerivativesCrypto #CryptoEducation #TSLA #BinanceSquare