Binance has launched perpetual contracts on shares of five major global companies, including Bitcoin miner MARA Holdings, Tempus AI, IonQ, PDD Holdings and Merck, with leverage of up to 20x. MARA reported a net loss of $611 million last quarter, with revenue declining by 27%. The company sold nearly one-third of its Bitcoin reserves in the first half of the year for approximately $1.6 billion to build data centers and AI infrastructure. The total value of tokenized stocks on Binance stands at $581 million, as investors appear to be losing confidence in the broader market.
Source: Read the original article
