The FTX Cryptocurrency Derivatives Exchange announced the listing of tokenized stocks including Tesla (TSLA), Apple (AAPL), Amazon (AMZN), Facebook (FB), Google (GOOGL), Netflix (NFLX), and the SPDR S & P500 ETF. Trading in tokenized assets will begin next week.
Users will be able to buy tokens on FTX, which entitle them to a portion of the company's real share.
“FTX is lowering the threshold for entering the stock market. Fractional assets will allow traders to trade shares of the largest companies in the world, even with a small capital, ”said the FTX representatives.
When working with tokenized assets, traders will pay standard FTX fees: 0% for market makers and 0.04–0.07% for market takers.
The real securities are held by FTX's partner, the German investment company CM-Equity. To trade tokenized shares, you need to send verification documents to CM-Equity after passing KYC 2 on FTX.
FTX is a crypto derivatives exchange with support for spot, futures and OTC trading. On FTX, you can trade BTC options, leveraged tokens and MOVE contracts.
Until November 4, the crypto exchange is holding a promotion with bonuses for new users. 2000 participants will receive from $ 5 to $ 500. The amount of the bonus depends on the net amount of the trader's deposit.
FTX has previously launched a "Three-Digit Tournament" for Russian-speaking traders. Participants' task is to get the highest trading volume. Winners will receive between $ 333 and $ 999. Registration is open until October 31st.
Posted Using LeoFinance Beta
This is good news. The real and virtual economies are coming together.