Crypto Exchange FTX .US Opens Stock Trading To Users Nationwide
Its president said the company won’t be charging trading fees or use a Robinhood-like payment for order flow business model.
Harshvardhan
2:02 28th Jul, 2022
Adoption
FTX.US has opened stock trading to users in all 50 American states, company President Brett Harrison said in a tweet Wednesday.
The cryptocurrency exchange will now allow all users to trade hundreds of stocks and exchange-traded funds either online or through the FTX.US Pro mobile app, he added.
The U.S. unit of the FTX exchange piloted the feature to a select group of customers in May, and said it would not charge fees or monetize trades in a way similar to Robinhood (HOOD), which has been criticized for its payment for order flow business model.
In June, FTX.US acquired stock-clearing company Embed Financial Technologies to provide its application programming interface (API) and brokerage services to the platform.
