What is BlackBerry tokenized stock FTX (BB) ?
BlackBerry tokenized stock FTX (BB) Equities are stocks that trade on traditional regulated exchanges. In addition to tokenized stocks, FTX may be offering tokens on ETFs, futures, currencies, or other similar products. FTX Trading GmbH acts within the context of the investment brokerage of financial instruments exclusively for the account and under the liability of CM-Equity AG, Kaufingerstraße 20, 80331 Munich, Germany.
BlackBerry tokenized stock FTX (BB) Storage Key Points
|Coin Name||BlackBerry tokenized stock FTX|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
How is This Trading Regulated?
CM-Equity is fully regulated in Germany, and is a licensed financial institution permitted to offer these products. All FTX users who trade tokenized stocks may also have to become customers of CM-Equity, and pass through CM-Equity’s KYC and compliance. Furthermore, all trading activity may be monitored for compliance by CM-Equity. CM-Equity custodies the equities at a third party brokerage firm. CM-Equity (not FTX Trading LTD) provides the brokerage services.
In order to trade tokenized stocks on FTX, you must be at least KYC level 2. Once you are, you can go to your tokenized stocks KYC page to submit your information to CM-Equity. You must also not be a member of one of FTX’s restricted jurisdictions, including the United States; FTX collects KYC documents and IP addresses from its users. FTX does not operate in its restricted jurisdictions.
What Exactly is Traded on FTX?
FTX itself lists tokens on the equities. For instance, ftx.com/trade/TSLA/USD is a market to trade tokens on Tesla stock. These spot tokens are backed by shares of Tesla stock custodied by CM-Equity. They can be redeemed with CM-Equity for the underlying shares if desired. In the future, there may be other ways to withdraw the tokens from FTX. If you are interested in getting set up to redeem the stocks, please email support.
Who can trade Tokenized stocks on FTX?
In order to trade tokenized stocks on FTX, you must be at least KYC level 2. All FTX users who trade tokenized stocks must also pass through CM-Equity’s KYC and compliance. Once you are KYC 2, you can go to your settings page to submit your information to CM-Equity. You cannot trade tokenized stocks on FTX from any of the banned jurisdictions, including the United States. Note that the set of allowed jurisdictions is subject to change.
How do futures on tokenized Stocks Work?
FTX also lists futures on tokenized stocks, including tokenized futures. Tokenized stock futures will track FTX spot markets as their index. They will work the same as futures on other FTX products, with the following conditions:
1) In the case of an ordinary dividend, the futures will not have any adjustments
2) In the case of many other corporate actions, including stock splits, significant spinoffs, etc., futures will adjust, either by changing denominators or by turning into a future on the whole basket in the case of spinoffs.
3) FTX reserves the final right to determination.
4) Futures expire to their index (generally the FTX spot markets) over the relevant TWAP period.
Trading futures on tokenized stocks on FTX requires the same KYC procedure as trading tokenized stocks themselves.
Note that stocks can be highly volatile and illiquid, especially when their primary listing exchange is closed. Please exercise your judgement and caution when trading futures on tokenized stocks. Any risk that you take in your trades is your responsibility to manage. You might be liquidated if futures prices change.