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Crypto Exchange FTX US launches a Stock Trading Platform

Crypto Exchange FTX US launches a Stock Trading Platform

May 20, 2022
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Private beta of zero-commission stock trading platform now available to a small number of U.S. waitlisted users.

The U.S. affiliate of the cryptocurrency exchange FTX announced on Thursday the launch of FTX Stocks, an equities trading platform offered through the FTX US trading application.

FTX Stocks offers trading and investing in hundreds of US exchange-listed securities, including common stocks and ETFs, in an integrated experience within the existing FTX US cryptocurrency trading application. The launch will commence in a private beta phase for select US customers chosen from a waitlist.

Our goal is to offer a holistic investing service for our customers across all asset classes” commented FTX US President Brett Harrison. “With the launch of FTX Stocks, we have created a single integrated platform for retail investors to easily trade crypto, NFTs, and traditional stock offerings through a transparent and intuitive user interface.

The company underline that the release of FTX Stocks marks the first time in industry history that retail brokerage accounts can be funded with fiat-backed stablecoins such as USDC via a partnership with the FTX US crypto exchange, in addition to the standard USD deposit methods of wire transfers, ACH transfers, and credit card deposits.

FTX Stocks will offer no-fee brokerage accounts, commission-less trading, and free market data and company fundamental data. To provide transparent trade execution and fair pricing, FTX Stocks will initially route all orders through Nasdaq, and will not receive any payment for order flow. In addition, fractional share trading will be available in select securities.

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