Websea opens deposits and trading for TSLA/USDT tokenized futures

Websea opens deposits and trading for TSLA/USDT tokenized futures
Websea launches TSLA/USDT perpetual futures

Websea has announced the launch of TSLA/USDT perpetual futures trading on its platform, with deposits open and trading available starting June 9 at 08:00 UTC. The contract offers up to 50x leverage and is based on a tokenized version of Tesla shares, with standard risk disclaimers in place.

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Websea has announced the launch of TSLA/USDT perpetual futures trading, allowing users to gain tokenized exposure to Tesla shares with USDT as the settlement currency. Deposits are open, and trading is available from June 9 at 08:00 UTC.

According to the official announcement, the contract supports up to 50x leverage and has a minimum price increment of 0.01. The product operates 24/7 and includes features such as a funding rate capped at ±3.00% every eight hours. Websea states that this is a tokenized futures contract and does not grant holders the rights associated with actual Tesla shares, such as ownership, dividends, or voting. Standard risk warnings and disclaimers are included, and the broker reserves the right to adjust trading parameters without prior notice.

Websea is a cryptocurrency exchange launched in August 2023, providing a user-friendly platform aimed at both new and experienced traders. The broker offers spot trading, futures trading with up to 100x leverage, copy trading, cryptocurrency buying and selling, P2P trading, and staking for passive income. For more details on Websea’s features, visit the broker profile on Traders Union.

In the previous Websea update on Traders Union, we reported on the launch of Samsung Perpetual Futures trading on the platform, expanding the broker's range of innovative products and features. For more details, read the previous Websea update on Traders Union.

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