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NVIDIA tokenized stock FTX logo

NVIDIA tokenized stock FTX

NVDA

Price
$124.62
9/28/2022, 5:29:58 AM
diamondHands

Keep an eye on NVIDIA tokenized stock FTX

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Market

Market stats

Market cap

-

Volume (24h)

$361,993.59

Circulating supply

-

All time high

$837.00

Price change (1h)

+0.04%

Price change (24h)

-0.11%

Price change (7d)

-4.13%

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NVIDIA tokenized stock FTX is on the decline this week.

The price of NVIDIA tokenized stock FTX has fallen by 4.13% in the past 7 days. The price declined by 0.11% in the last 24 hours. In just the past hour, the price grew by 0.04%. The current price is $124.617272 per NVDA. NVIDIA tokenized stock FTX is 85.11% below the all time high of $837.00.

The current circulating supply is 0 NVDA.

About

What is Nvidia Tokenized Stock FTX (NVDA)?

Nvidia Tokenized Stock FTX (NVDA) is a token version of the Nvidia stock allowing users to acquire a piece of the stock using any cryptocurrency or traditional currencies. The tokenized stock is available on FTX, an advanced digital asset trading platform developed for customers with an easy-to-use interface. 

As per its whitepaper, tokenized stocks aim to offer users multiple benefits: 

  1. Easier and cheaper to trade tokenized stocks vs real stocks. 

  2. Unlike the stock market, users trade tokenized stocks 24/7. 

  3. Tokenized stocks are backed 1:1 to traditional stocks, entitling holders to the same economic benefits of owning the underlying stock.

According to its website, with traditional stocks, users find it challenging to acquire stocks of premium companies as the value of the stocks are very high. With tokenized stocks, users receive a small share of the stock at a reasonable value. Tokenized stocks run on blockchain created by taking a traditional stock and creating a representative tokenized version of the stock share. A small portion of one stock is distributing to multiple users. To regulate the trading on FTX, Canco GmbH (FTX Switzerland) is an authorized financial intermediary permitted to offer tokenized products. All FTX users who trade tokenized stocks can also become customers of FTX Switzerland and pass through the KYC and compliance.

The website further says trading tokenized stocks is similar to trading in other markets. Customers trade shares with cryptocurrencies or traditional currencies on the FTX platform. With trading, FTX allows customers to build wealth and grow fundings by lowering the barrier to entry for blue-chip stocks and other traditional securities. The platform aims to disrupt the conventional stock market with tokenized stocks.

History of Nvidia Tokenized Stock FTX

Tokenized Stock trading platform FTX was established in 2019 by MIT graduates Sam Bankman-Fried and Gary Wang. Before founding FTX, Bankman-Fried traded international ETFs at Jane Street Capital, a proprietary trading firm, and founded Alameda Research, a quantitative trading firm. An exchange-traded fund (ETF) is a box of securities that tracks an underlying index. ETFs contain investments such as stocks and bonds.

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FAQ

What is the current price of NVIDIA tokenized stock FTX?

The price of 1 NVIDIA tokenized stock FTX currently costs $124.62.

What is the market cap of NVIDIA tokenized stock FTX?

The current market cap of NVIDIA tokenized stock FTX is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of NVIDIA tokenized stock FTX?

The all-time high of NVIDIA tokenized stock FTX is $837.00. This all-time high is highest price paid for NVIDIA tokenized stock FTX since it was launched.

What is the 24 hour trading volume of NVIDIA tokenized stock FTX?

Over the last 24 hours, the trading volume of NVIDIA tokenized stock FTX is $361.99K.

What other assets are similar to NVIDIA tokenized stock FTX?

Assets that have a similar market cap to NVIDIA tokenized stock FTX include Fraktionalized THUG 2856, BTRIPS, Aalto Protocol, and many others. To see a full list, see our comparable market cap assets.

How many NVIDIA tokenized stock FTX are there?

The current circulating supply of NVIDIA tokenized stock FTX is 0.

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