Much like FTX listed pre-IPO Airbnb stock on its platform, it has listed Coinbase as well. FTX is offering “CBSE” contracts ahead of the “COIN” ticker symbol Nasdaq debut.
FTX notes that these aren’t tokenized shares or a digital equity representative of a company’s future stock. In the case of tokenized shares, stocks are issued as digital assets (like cryptocurrency). Instead, FTX is offering contracts that track Coinbase’s market capitalization. When Coinbase actually goes public through a direct listing by April 14, those contracts will convert into tokenized fractional shares based on the amount of equity each investor holds.
View more information: https://marketrealist.com/p/how-to-invest-in-coinbase-pre-ipo/