FTX Launches Equities Trading

Plus bitcoin shrugs off regulatory concerns.

Happy Thursday, Blockfolians

The Lede

Here’s something cool. FTX (who, yes, acquired us, so sue us if we’re not completely unbiased here) has launched equities trading.

Serum Banner

Long story short, registered users outside the US will be able to trade crypto against fractionalized shares of hot stocks like Tesla, Amazon, Apple, Netflix, and more.

Here’s the way Sam put it:

“Our traders have never seen crypto as a niche field. These products demonstrate a powerful future, in which assets are digitized and traders have unlimited creative potential to express their beliefs about the markets.”

Pretty rad.

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Community Commentary

This idea of balkanizing bitcoin is scary and probably important to keep an eye on.
Honey badger something something.

A Really (Small) Number We Should Be Paying Attention To

6%

That’s the probability the bitcoin options market puts on us seeing $20k in 2020.

skew_probability_of_btc_being_above_x_per_maturity-5

Final Thought

True.