FTX is a cryptocurrency exchange that supports spot, futures and OTC trading. With its help, you can, for example, create certain futures contracts on BTC, trade them with leverage and in the MOVE contract mode (determined by the absolute value of the movement of the trading product).
And this exchange recently announced the addition of tokenized shares of some large companies to its listing. So far, these are Tesla, Apple, Amazon, Facebook and Google. And also - the SPDR S&P500 ETF. As for the real trades, they will begin next week - November 2, 2020.
What's the point. Users have the opportunity to buy a token right on the exchange, which gives the right to own part of a real share. In fact, it is a fractional asset that makes stock trading more accessible for novice traders who do not have a lot of capital.
At the same time, the user does not receive ownership of the real share - all tokenized assets are kept by the German investment company CM-Equity. And to start working with it, you need to go through identity verification by going through the KYC 2 procedures on FTX.
As for the commission for such trading, it will be standard for FTX - 0 percent for market makers and about 0.04-0.07 for ordinary users.
We remind you that tokenized assets, in it's nature, are stablecoins, backed by the value of shares tied to them. Therefore, like other similar cryptocurrencies, they are regulated to a much greater extent than ordinary coins.
We have been talking about the possibility of partial ownership of real assets and their trade without physical ownership for a long time. And yes, this will significantly lower the entry threshold for those who wish to actively trade on the exchange. The problem is that in addition to the tangible benefits, such trading, especially for novice investors, is fraught with great risks. In any case, this will only make the market more active, since the addition of new stablecoins significantly reduces the degree of its volatility.
Published on the EXBASE based on materials from forklog.com