Skilling, an online-only broker offering CFD and forex trading across the globe, has launched CFD trading on Fan Tokens.
Fan Tokens are a type of cryptocurrency, specifically a type of non-fungible token (NFT). Created by Socios.com, Fan Tokens are issued by popular sports clubs. They also come with promised special team-related rewards and prizes. Essentially, Fan Tokens are a way to give fans a way to trade on the popularity of sports teams, without having actual ownership that would come with "real" shares in the team.
Fan Tokens have been issued by clubs including Barcelona, PSG, AC Milan, Juventus, and Atletico Madrid.
In earlier June, Skilling has announced its strategic partnership with the trading education and empowerment institution, Metropolitan X Group.