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FTX lists GameStop after Reddit-fueled 200% rally in two days

Published 01/27/2021, 07:45 AM
Updated 01/27/2021, 09:20 AM
FTX lists GameStop after Reddit-fueled 200% rally in two days
GME
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Crypto exchange FTX has listed GameStop (NYSE:GME), the global videogames retail chain, after the stock became by far the most popular choice on Reddit’s infamous Wall Street Bets, a community dedicated to trading stock market options.

The FTX listing on Wednesday morning allows crypto traders to get in on the action as well. The offering comes as part of FTX’s tokenized stocks program, which features both spot and futures markets for popular stocks and indices. This allows crypto traders to get exposure to stocks using crypto and stablecoins, in addition to fiat options.

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