Speaking about the new offerings, Sam Bank-man, CEO, FTX, said:
“These products demonstrate a powerful future, in which assets are digitized and traders have unlimited creative potential to express their beliefs about the markets.
These fractional stock products reflect the reality that today’s traders are industry and sector spanning and want trading opportunities that fully match their interests and mindset.” ~ Sam Bank-man, CEO, FTX
Tokens will represent a fraction of one share. Traders will be able to trade half of a share at a time if they want, in order to facilitate liquidity.
The above tokenized equities will be available exclusively on FTX and will require an account setup process as below to be eligible to trade when they go live:
Submit KYC information to CM-Equity AG for approval
Complete a brief questionnaire from CM-Equity AG
FTX continued listings and partnerships position it as the most secure and innovative crypto exchange currently out there.
Some of its recent achievements include:
The most successful IEO in 2020
The most liquid DEx (Serum)
It has the largest number of futures of any crypto exchange
The first crypto exchange to list traditional oil futures
The first crypto exchange to list traditional equity markets
FTX recently opened its exchange to African users, which means African traders are now eligible to apply and get an opportunity to trade these high demand, high net worth tokenized traditional equities on FTX.