Huobi HTX launches stock contract: Tesla stock token TSLAX perpetual contract

According to the official announcement, Huobi HTX has launched the TSLAX/USDT perpetual contract on November 19, with a maximum leverage of 20 times. This is the first coin-stock contract launched on Huobi HTX. It is reported that TSLAX (Tesla xStock) is a tokenized stock created by the compliant physical asset tokenization company Backed Finance, which tracks the price of Tesla stock and aims to allow crypto users to access Tesla's stock price in a regulatory-compliant manner while maintaining the advantages of blockchain technology.

In addition, Huobi HTX will launch the TSLAX contract trading party from November 19, 15:00 to November 26, 15:00 (UTC+8), with a total prize pool of up to $10,000. During the event, users who complete registration and participate in TSLAX/USDT contract trading with a cumulative effective trading volume ≥10,000 USDT will be able to share the prize pool based on their trading volume ranking; new users of the contract who complete TSLAX/USDT contract trading will also receive exclusive benefits.