FTX adds tokenised shares of Apple, Tesla and Amazon to listing

The cryptocurrency derivatives exchange FTX announced the listing of tokenised shares, including Tesla (TSLA), Apple (AAPL), Amazon (AMZN), Facebook (FB), Google (GOOGL), Netflix (NFLX) and the SPDR S&P 500 ETF. Trading of tokenised assets will begin next week. FTX announced this on ForkLog Hub.

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Users will be able to purchase on FTX tokens that grant a right to a fraction of a real company’s share.

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“FTX lowers the barrier to entry for the stock market. Fractional assets will allow traders to trade the shares of the world’s largest companies even with a small amount of capital,” said FTX representatives.

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When dealing with tokenised assets, traders will pay the standard FTX commissions: 0% for market makers and 0.04–0.07% for market takers.

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The real securities are held by FTX’s partner CM-Equity, a German investment company. To trade tokenised shares, you must submit verification documents to CM-Equity after completing KYC 2 on FTX.

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FTX is a cryptocurrency derivatives exchange supporting spot, futures and over-the-counter trading. On FTX you can trade BTC options, leveraged tokens and MOVE contracts.

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Until November 4, the crypto exchange is running a promotion awarding bonuses to new users. 2,000 participants will receive from $5 to $500. The size of the bonus depends on the trader’s net deposit.

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Earlier FTX launched “Three-Digit Tournament” for Russian-speaking traders. Participants’ objective is to achieve the largest trading volume. Winners will receive from $333 to $999. Registration is open until October 31.

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