FTX, the crypto derivatives exchange has put out an interestingly new way of trading the world’s vastly desired stocks. 12 equity and cryptocurrency pairs are now available to the users of the Crypto derivatives exchange, who can register through the platform’s fractional stocks, in what the FTX is perhaps justifiably calling a “first of its kind” creation. The stocks will be available for trading using Bitcoin pairs and several other pairs.
Translation: More consumers can start trading in major demand stocks like Amazon, Tesla, and Apple, denoted by tokens, versus Bitcoin (BTC, -1.44%), Stablecoins, and many more.
“These products demonstrate a powerful future, in which assets are digitized and traders have unlimited creative potential to express their beliefs about the markets,”FTX CEO Sam Bankman-Fried
According to a CoinDesk report, to assist fluidity, the tokens denote a fraction of each share, which means at any time traders want, they can trade half of a share.
The proffer is being performed in association with investment business CM Equity and capital markets solution providing company Digital Assets AG.
FTX CEO Sam continued “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.”
The products will not be authorized for trade in the USA and other areas where FTX operates in a restricted manner. Nevertheless, this sounds like a solid move to generate further interest (and liquidity) in crypto trading.
FTX also launches TixWIX
In related news, FTX has also announced the launch of TixWIX, a creation that targets retail consumers in options trading around the world, in association with Hxro, the blockchain gaming program. TixWIX is meant to facilitate easy options trading for newbie traders by converting typically complicated (and arguably intimidating) market data into an easier-to-consume format for everyone.
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