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Crypto exchange lists Airbnb derivatives contract ahead of IPO

Published 12/09/2020, 10:20 AM
Updated 12/10/2020, 03:00 AM
Crypto exchange lists Airbnb derivatives contract ahead of IPO

FTX, a crypto derivatives exchange, has added Airbnb to its list of stock offerings on the eve of the online rental marketplace’s highly anticipated initial public offering.

As of late Tuesday, cryptocurrency traders can gain exposure to Airbnb through a pre-IPO derivatives contract directly on FTX. As a pre-IPO product, the performance of the contract is linked to the market capitalization of Airbnb at the end of its first trading day.

ABNB/USD trading chart by FTX

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