CEX is making a major push into the TradFi market again after five years, increasing the number of trading targets to 12.

On February 5th, CEX took another step forward in expanding into the TradFi market. Today, it announced that starting February 9th, it will roll out in phases five US stock-based perpetual contracts: MSTR (Strategy), AMZN (Amazon), CRCL (Circle), COIN (CEX), and PLTR (Palantir). With this, CEX’s US stock contract offerings will increase to 8, and the TradFi market trading instruments will reach 12. Recently, CEX has also launched perpetual contract trading for Tesla (TSLA), Intel, and Robinhood stocks. In addition to the US stock market, CEX has also launched precious metal contracts for gold, silver, platinum, and palladium. Notably, CEX previously launched a stock tokenization product in April 2021, with Tesla being the first supported stock token, initially priced in BUSD. This product is essentially a synthetic asset rather than a true trading of traditional stocks. The service was gradually discontinued on July 16, 2021, due to regulatory reasons. About five years later, cryptocurrencies have become fully compliant, and tokenization has become one of the most discussed topics in traditional finance within the crypto space. Crypto users are once again able to trade tokenized stock products on CEX and DEX.