FTX has listed quarterly futures on stocks with 100x leverage

Cryptocurrency exchange FTX has announced the launch of quarterly futures on stocks, allowing users to trade with up to 100x leverage on Tesla, Google, Netflix, Amazon, Apple, Pfizer, and Alibaba stock futures.

Users can now trade quarterly futures on stocks with 100x leverage.

Cryptocurrency exchange FTX, which gained prominence earlier this year with its leveraged token offering, has listed quarterly futures on tokenized stocks.

Enabling users to trade tokenized futures comes just two weeks after the exchange first ventured into the world of tokenized stock trading.

FTX has listed quarterly futures on stocks!https://t.

According to the company's announcement, the tokenized stock futures will track FTX spot markets as their index and will work the same as futures on other FTX products.

To provide brokerage services for tokenized stock trading, FTX partnered with CM-Equity AG, a financial service provider registered in Germany, and Digital Assets AG, a tokenization solutions provider based in Switzerland.

As the company is a licensed financial institution permitted to offer these products, FTX users who trade tokenized stocks might be required to come customers of CM-Equity.

The exchange said that FTX and CM-Equity may also collect further information from prospective users, and may require passing a test in order to trade.

Users that want to trade both tokenized stocks and futures on tokenized stocks must be at least KYC level 2, the exchange said, adding that the service will not be available in certain jurisdictions, which includes the United States.