The FTX crypto asset exchange claims that it is breaking the boundaries between the stock market and crypto assets. FTX was founded and led by Sam-Bankman Fried (SBF), the world's second richest young man in the crypto asset industry, the Hurun version.

FTX has also captured the world's attention, because it ensures that it will sponsor the Miami Heat Arena stadium in Florida. Hundreds of millions of dollars were poured into the company logo on the roof of the famous arena.

Be the arena nickname from "American Airlines Arena" to "FTX Arena" during the contract period of 19 years.

Miami Heat Arena is nicknamed "American Airlines Arena". The FTX.com logo will be imprinted on the roof of the arena.

SBF founded FTX because he was not satisfied with the quality of trading on other crypto asset exchanges. Founded in 2019, FTX has successfully processed trade transactions worth US $ 10.7 billion in one day.

The name FTX at the Miami Heat Arena is also touted as the most gigantic "ad spend" that has ever existed.

This step not only catapulted FTX's name as a newcomer, but also raised the prestige of crypto assets as future assets.

Sam-Bankman-Fried, Founder and CEO of FTX.com. Source: Bloomberg

SBF is also known to have made a large donation to support the Biden campaign. He, who previously worked on a quantitative exchange, Jane Street Capital LLC is known to be astute, because in a short time he was able to compete with other crypto asset exchanges.

As a side note, based on data on Coinmarketcap (belonging to crypto asset exchange Binance), FTX is at the top as a major crypto asset exchange by trading volume, for the derivatives category.

FTX and Tokenized Stock

FTX is practically looking for its own niche. While other exchanges focus on pure crypto assets, FTX goes into crypto assets that are worth shares. These are called tokenized stocks.

Share values ​​are created in the form of digital tokens, thanks to smart contracts and transacted on the blockchain.

Tokenized stocks on FTX.com. A number of leading US stocks are available to trade without restrictions.

This method makes transactions easier, reaches the market and is more efficient in verifying it.

For example, a number of countries that cannot buy shares of Tesla, Apple, Google, Facebook and other large stocks, FTX provides it, it is open to anyone. The market is also available 24 hours without stopping, without any rest hours.

Although tokenized stocks are a relatively small market with around US $ 1.3 billion traded so far this year, a fraction of the one-day volume in Tesla's stock, crypto asset proponents see it as a way to free stocks from unnecessary constraints.

Tokenized stocks are not like the stock exchange / common stock. Tokenized stocks ensure stocks are traded at all times, regardless of whether the US stock exchange is open or not. And stocks are accessible to investors all over the world.

“There are no restrictions for trading tokenized stocks on FTX. It doesn't run from 9:30 a.m. to 4 p.m. and five days a week, like on a regular stock exchange, "said Sam recently.