WSB Index on FTX Crypto Exchange up 100% Since Launch

2021-1-30 18:54

FTX derivatives exchange has launched a composite index for trading in stocks and assets discussed on the famous Reddit group WallStreetBets (WSB).

FTX Adds WSB Index for WallStreetBets

FTX exchange has launched the Wall Street Bets index (WSB-0326) which allows users to trade assets that are popular on the Reddit group. The index tracks March 2021 futures prices of the respective stocks on German brokerage, CM-Equity. 

The index assets currently include Nokia, BlackBerry, AMC Entertainment Holdings, GameStop, iShares Silver Trust, and Dogecoin. Assets are equally weighed, accounting for 99% of the index’s value. The rest 1% is assigned to FTX’s native cryptocurrency FTT.

Distribution of Assets on FTX’s WSB Index. Source: FTX

The index starting trading at $320 last night and gained 118% to a peak of $700, last trading at $622.

FTX Tokenizing Spree

Lately, FTX has been on a stock market tokenizing spree. The exchange has issued tokenized versions of Tesla, Google, Alibaba, Pfizer and many others. FTX appears to be on a mission to tokenize all assets gaining popularity on the internet. The exchange has even attempted to tokenize future events by facilitating betting on the U.S. election and this year’s Superbowl results. 

In the last three days, the exchange has launched GameStop (GME), BlackBerry (BB) and Nokia (NOK), iShares Silver Trust (SLV) and AMC Entertainment Holding (AME). 

These five assets recently became popular on WallStreetBet group, following their strategy to “short-squeeze” low liquidity stocks. Many investors are choosing to spot-hold the most shorted stocks in the hope that others will follow as well. 

WallStreetBets has quickly become the most active subreddit on the news aggregation and discussion website. At the time of writing, it had 1.1 million active users out of a total of 6 million. By comparison, the number of users on other top groups like /r/AskReddit was 71,000 active users out of 31 million. Active users on /r/Pics came to 40,000 out of 29 million.

The WSB group’s astonishing success has the investors monitoring the group carefully, and FTX has designed what may prove to be a very popular solution indeed.

Disclosure: The author held Bitcoin at the time of press. 

Similar to Notcoin - Blum - Airdrops In 2024

origin »

FintruX Network (FTX) на Currencies.ru

$ 0.0007462 (+2.01%)
Объем 24H $73
Изменеия 24h: 3.78 %, 7d: 5.93 %
Cегодня L: $0.0007462 - H: $0.0007462
Капитализация $0 Rank 7418
Цена в час новости $ 0.0025809 (-71.09%)

100 launch exchange crypto index ftx wsb

100 launch → Результатов: 126


Фото:

KuCoin to Airdrop Kratos’ KTS Test Token, Launch the Velo IEO on their 3rd Anniversary

KuCoin — a global cryptocurrency exchange based in Singapore with a presence in over 100 countries and serving more than five million clients, is today marking its third business anniversary. To celebrate, it is closely working with KuChain — a financial public blockchain under development by KuCoin Group, to airdrop KTS tokens to dedicated clients.

2020-9-10 19:17


Фото:

Ripple, BitPay, Brave, and Others are Making Crypto Transfers Easier with an “Email I.D.”

A newly launched coalition is making transferring cryptocurrencies easier, with the latter infamous for long, oft-complex alphanumeric addresses that lead to misplaced transfers and lost assets. Reaching 100 Million Users On June 18, over 40 technology and crypto-centric companies joined the Open Payment Coalition ahead of the latter’s launch of the instant payments network “PayID.

2020-6-20 23:07


Фото:

As Bitcoin Desperately Clings To $9k, These Bullish Fundamentals Can Launch BTC Price To $14,000

After rocketing more than 100% off its March lows, bitcoin tumbled on Wednesday by 7%. This move downward came after 50 bitcoin from the Satoshi-era was spent for the first time since August 2017. Some bitcoiners panic-sold on fears that Satoshi had started dumping his coins on crypto exchanges. Bitcoin fell from above $9,700 to […]

2020-5-22 21:43


Фото:

Popular crypto derivatives exchange FTX launches oil futures—here’s what this means for crypto

FTX, one of the fastest-growing crypto derivatives exchanges in the world, has announced the launch of crude oil futures that expire to the spot price of WTI crude oil plus $100 dollars. The fact that the product comes at a time when oil prices touched negative has instilled a new kind of confidence in the […] The post Popular crypto derivatives exchange FTX launches oil futures—here’s what this means for crypto appeared first on CryptoSlate.

2020-4-24 23:03


OKEx запустила децентрализованную биржу на блокчейне OKChain. Токен OKB обновил максимум

Криптовалютная биржа OKEx запустила тестовую сеть OKChain и децентрализованную биржу. NEW LAUNCH: #OKChain Testnet now LIVE 🌐 Our very own blockchain, OKChain & #OKExDEX, the decentralized exchange have just launched 🎉$OKT will be the native token of OKChain, 100% of the genesis block will be mapped to $OKB holders.

2020-2-10 13:28


Facebook Head Marcus Vows for Libra’s Progress; Still On Track For 100 Members At Launch

Organizations including, Stripe, Visa, Mastercard, and eBay left the Libra Foundation as of late. Facebook Libra has decided to make progress with just twenty-one individuals. In an interview with Bloomberg, Facebook’s David Marcus told them he doesn't blame organizations that hauled out of the venture, instead that he's positive that more organizations will sign on. […]

2019-10-16 19:01


Cardano’s Shelley a step towards decentralizing entire network: Charles Hoskinson

Recently, Cardano transitioned into the Shelley-era with the launch of its networking testnet. CEO of IOHK, Charles Hoskinson, elaborated on the same during his latest AMA. Hoskinson informed the community that the testnet was receiving remarkable participation as the network currently runs about 100 stake pools and the stake pool channel consists of about 2,400 […] The post Cardano’s Shelley a step towards decentralizing entire network: Charles Hoskinson appeared first on AMBCrypto.

2019-10-7 19:00