Fractional stocks go to pot as FTX lists tokenized cannabis shares
FTX is "weeding out the competition" with its new selection of tokenized stocks. Cryptocurrency derivatives exchange FTX has announced it is growing its line of tokenized stock offerings, with the addition of five cannabis-related businesses.The Wednesday announcement, tweeted by FTX and Alameda Research CEO Sam Bankman-Fried, came in a haze of ex-hemp-lary (sorry) marijuana puns.“To be blunt, this is one of the dopest joint listings we've done. FTX: blazing a path forward and weeding out the competition.”The newly listed tokenized stocks are some of the biggest names in the cannabis....
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Bittrex's tokenized shares can be bought in fractions, rather than whole shares.
The "Coinbase pre-IPO contract" has seen extreme volatility on FTX derivatives exchange. Investors with tokenized exposure to Coinbase (COIN) shares experienced extreme volatility Tuesday, as the value of their holdings plummeted in a matter of minutes.The selloff took place on FTX, a leading derivatives exchange, where the COIN-USD stablecoin exchange rate fell from a high above $640 all the way to around $420. Three huge red candles highlighted the selloff, as per a screenshot from Bloomberg podcaster Joe Weisenthal.Coinbase tokenized shares are crashing on FTX https://t.co/PygqsjSpWQ....
The Asian stock market is one of the biggest in the world, creating billions of dollars in wealth for those who understand how the system operates. Users no longer need to trust third parties or get blocked based on jurisdiction, as there is finally a one-size-fits-all solution for everyone’s needs. NASDEX, the premiere decentralized cryptocurrency exchange for trading tokenized Asian stocks, has its own native governance token, NSDX. The token is now live on various ecosystems. In this post, we’ll detail everything you need to know about buying and holding NSDX. What Is NASDEX and....
Tokenized shares of Facebook, Google-parent Alphabet, Netflix, Nvidia, PayPal, Square and Tesla will be available to trade at the launch. Switzerland-based token issuer Digital Assets AG, or DAAG, has officially launched its stock-tokenization infrastructure on the Solana blockchain, offering users of the FTX trading platform a novel way for accessing traditional equity markets. During the initial rollout, FTX users who have completed Know Your Customer documentation will have access to 55 free-floating stocks, available 24 hours a day, 365 days a year, Digital Assets AG announced....
Bitcoin just found itself another celebrity endorsement. Hollywood star and investor Ashton Kutcher endorsed the digital currency this week on Quora, a question-and-answer website frequented by people of all walks of life. Kutcher responded to the interesting question: "What are some smart ways I can put $25 to work for me?" in which he, among other things, suggested the poster buy bitcoin. He writes: I would deploy a barbell strategy. Go to stockpile.com and buy fractional shares in blue chip stocks. Then buy bitcoin. Do this every other week for four weeks and on the fifth week buy a....