FTX kicks off trading for pre-IPO Robinhood contract
April 2, 2021, 12:45PM EDT
1 min read
FTX has opened up trading of a new derivative contract tied to Robinhood ahead of the trading app's initial public offering.
Robinhood submitted its S-1 to go public at the end of March. FTX CEO Sam Bankman-Fried hinted back in December that the exchange might launch a pre-IPO Robinhood contract.
It wouldn't be the first such product that FTX has rolled out. The exchange created markets for synthetic shares in Coinbase and Airbnb ahead of their market debuts. The pre-IPO contract is designed to roll into a tokenized representation of the real stock once it is listed.
As for Robinhood's FTX debut, the contract (ticker: HOOD) was trading at around $90 at the time of writing.
The Block Research was commissioned by Forte to create “Blockchain-Based Gaming: A Primer” which provides a comprehensive introduction to how blockchain technology is being employed in video gaming experiences.
Fintech unicorn Nubank has submitted filings to the U.S. Securities and Exchange Commission (SEC) and Brazil's Comissão de Valores Mobiliários (CVM relating to a proposed initial public offering (IPO).