Huobi HTX launches its first cryptocurrency-equity contract: Tesla stock token TSLAX perpetual contract.

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