Cryptocurrency derivatives trade FTX has listed a WallStreetBets (WSB) index quarterly futures contract in a bid to capitalize on the retail buying and selling fervor that exploded in current days.
Introduced Thursday by way of blog post, the basket of markets that make up the contract embody shares being focused by the Reddit buying and selling group – Nokia (NOK), Blackberry (BB), EMC Leisure (AMC), GameStop (GME), iShares Silver Belief (SLV) – in addition to the dogecoin (DOGE) cryptocurrency and FTX’s native token FTT.
The shares and DOGE comprise 99% of the index, whereas FTT accounts for simply 1%.
Apparently additionally caught up within the on a regular basis buying and selling development is dogecoin, which soared Thursday to new document highs.
“WSB-related shares have been our most requested merchandise ever,” FTX’s CEO Sam Bankman-Fried advised CoinDesk by way of Telegram. “There’s a ton of curiosity in buying and selling WSB associated shares and [cryptos] proper now … the truth that many platforms are having hassle providing them is creating extra demand.”