Can you explain me why the recent launch of "tokenised equity" on FTX is different than CFDs?
Maybe I am missing something but if the value prop is centralised and you cannot use the token in DeFi platform, then it is really just like CFDs.
Would love to understand
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Thank you for answering and sorry I am a muppet but I don't understand the value proposition of redeeming the token.
What do you do with it?
Most investors will likely be short term traders, why would they want to redeem?
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they probably won't -- in which case this is similar to other ways of trading the stock
Still a very unique innovation, since it:
- can be traded in same account as crypto
- can be used as collateral for other positions on FTX
- can be traded outside normal trading hours
Some caveats remain, such as KYC req and non US users - overall an awesome innovation though
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totally, its an innovation. FTX is the most innovative platform at the moment.
i was just trying to better understand the added value.
Thank you!
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