The cryptocurrency derivative exchange FTX listed a quarterly futures contract on the WallStreetBets (WSB) index in an attempt to capitalize on the retail trade fervor that has exploded in recent days.
Announced on Thursday through a blog post, the basket of markets that make up the contract includes shares being targeted by the trading group Reddit – Nokia (NOK), BlackBerry (BB), AMC Entertainment (AMC), GameStop (GME), iShares Silver Trust (SLV) – as well as the dogecoin cryptocurrency (DOGE) and the FTT native FTT token.
Shares and DOGE represent 99% of the index, while FTT accounts for only 1%.
Apparently, also caught up in the day-to-day trend of the negotiations is dogecoin, which skyrocketed on Thursday to new records.
“WSB-related stocks have been our most requested products of all time,” FTX CEO Sam Bankman-Fried told CoinDesk via Telegram. “There is a lot of interest in trading WSB-related actions and [cryptos] now … the fact that many platforms are having trouble offering them is creating more demand. “