dYdX has added Tesla tokenized stock ($TSLAX) to its trading platform with up to 5x leverage support.
The tokenized stock is provided by @xStocksFi and allows traders to gain exposure to Tesla shares through the decentralized exchange.
Key trading considerations:
- Low liquidity conditions expected
- High volatility potential
- Increased liquidation risk due to leverage
- Platform emphasizes this is not an endorsement
Traders can access the new market at dydx.trade. The exchange recently added Sky Ecosystem ($SKY) with similar leverage options.
Exercise caution and only trade familiar assets.
New Instant Market Listing: $SKY You can now trade @SkyEcosystem on dYdX with up to 5x leverage! Start here ➡️ dydx.trade/trade/SKY-USD?…
New Instant Market Listing: $TSLAX You can now trade Tesla Tokenised Stock (@xStocksFi) on dYdX with up to 5x leverage! Get started ➡️ dydx.trade/trade/TSLAX-US…
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