MARKETFINANCE

Exclusive | FTX Major Innovation! Launching traditional finance fractional stock market, allowing purchase of Tesla stock tokens with cryptocurrency

share
Exclusive | FTX Major Innovation! Launching traditional finance fractional stock market, allowing purchase of Tesla stock tokens with cryptocurrency

FTX, one of the world's top derivative exchanges, known for its impressive product development efficiency, has once again launched a groundbreaking innovation in the market on the 29th - fractional stock trading.

According to official sources, starting from October 29th, users will be able to participate in trading pairs of traditional stocks and cryptocurrency tokenized equities. The listed tokenized equities on FTX will include popular assets like Tesla (TSLA), Apple (AAPL), Amazon (AMZN), among others. This new product is launched in collaboration with Swiss investment firm Digital Assets AG (DAAG) and German investment company CM Equity, with fractional stocks being exclusively provided through the partnership of these two companies.

Michael Kott, CEO of CM Equity, mentioned that FTX has built a brand "created by traders, for traders" in just a few years and continues to bring innovation to trading. Therefore, they have chosen FTX as the first partner for tokenized equities trading.

FTX Founder SBF: We Never Consider Cryptocurrency a Niche Market

FTX founder SBF stated that they never consider cryptocurrency a niche market. He said, "These products represent a more powerful future, where assets have been digitized, and traders have unlimited potential for innovation to demonstrate their belief in the market."

SBF believes that both cryptocurrency trading and stock trading are attracting more and more new participants. Equity token products are also designed to reflect the current situation where traders come from various industries and are seeking investment opportunities that align with their interests and strategies.

It is important to note that in jurisdictions like the United States, trading of these equity tokens on FTX is not allowed due to legal restrictions.

SBF Reveals His Pre-announcement Clues

Following the announcement, SBF revealed his pre-announcement clues from several days ago. He posted screenshots of Amazon, Apple, Facebook, Tesla, and Netflix, before finally revealing the mystery - equity token trading on FTX.