TechFlow news, November 19 — According to an official announcement, HTX (Huobi) has launched the TSLAX/USDT perpetual contract on November 19, with up to 20x leverage. This marks HTX's first cryptocurrency-stock hybrid contract. TSLAX (Tesla xStock) is a tokenized stock created by regulated physical asset tokenization firm Backed Finance, tracking Tesla's stock price and designed to allow crypto users to gain exposure to Tesla's share value in a regulatory-compliant manner while retaining the benefits of blockchain technology.
In addition, HTX is hosting a TSLAX contract trading party from 15:00 on November 19 to 15:00 on November 26 (UTC+8), featuring a total prize pool of up to $10,000. During the event, users who register and participate in TSLAX/USDT contract trading, achieving a cumulative eligible trading volume of ≥10,000 USDT, can share the prize pool based on their trading volume ranking. New contract traders completing TSLAX/USDT trades will also receive exclusive rewards.
