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FTX Starts Broken Stock Trading

October 29, 2020

The great exchange of crypto derivatives FTX has started trading in “fractional stock offerings,” tokenized products that represent the stocks of global companies.

The products were introduced October 29th in cooperation with the German licensed investment company CM-Equity and the token company Digital Assets AG.

More than a dozen stock and cryptocurrency pairs are available for trading on the FTXincluding fractional derivatives from Tesla (TSLA), Apple (APPL) and Amazon (AMZN).

FTX Starts Broken Stock Trading
FTX Starts Broken Stock Trading

The fractional property makes it possible to divide derivatives into sizes that are smaller than whole unitsThis allows retailers with less capital to speculate on expensive stocks like Tesla.

“”These products show a bright future where assets will be digitized and traders have unlimited creative potential to express their beliefs about the markets.“said Sam Bankman-Fried, CEO of FTX.

“Both crypto and equity trades have attracted wider audiences with the arrival of new entrants. These broken stock products reflect the reality that today’s traders encompass an industry and sector and want trading opportunities that fully suit their interests and mindset. ”

Merchants based in the US and other jurisdictions restricted by the FTX will not be able to access the products. from fractions of the stock market.

FTX is based in Hong Kong but is owned by the parent company FTX Trading Limited, based in Antigua and Barbuda.

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