FTX is „rolling the competition“ with its new selection of token shares.
The FTX cryptomorph derivative exchange announced that it is increasing its line of tokenized stock offerings with the addition of five cannabis-related businesses.
Wednesday’s announcement, tweaked by FTX and Alameda Research CEO Sam Bankman-Fried, came in a haze of „crazy“ puns (sorry).
„To be honest, this is one of the most stone-cold joint listings we’ve made. FTX: burning one and opening the way, rolling the competition. ”
The newly listed token shares are some of the biggest names in the cannabis market: Tilray, Canopy Growth Corporation, Aurora, Chronos Group and Aphria.
Tokenized and fractional stocks allow individual stocks to be divided into smaller pieces of Bitcoin Fortune, allowing retail traders to speculate on high-value stocks with less capital.
As reported by Cointelegraph, FTX originally launched fractional share offerings at the end of October. At the launch, it had more than a dozen pairs of capital and initial cryptomorphs with tokenized derivatives of Tesla (TSLA), Apple (AAPL) and Amazon (AMZN) shares.
Today’s addition of these five cannabis shares brings the total number of corporate stocks and funds that were listed to 30. All of these are available in cash and future variants.