FTX US announced connected Thursday that the steadfast has launched an equities trading level called FTX Stocks which volition springiness U.S.-based customers the quality to acquisition stocks and exchange-traded funds (ETFs). The motorboat is presently successful a backstage beta signifier for prime U.S. customers and equities tin beryllium purchased with fiat-backed stablecoins.
FTX US Launches Beta Equities Trading Platform
FTX US customers phased successful done the firm’s backstage beta waitlist tin present leverage the level to acquisition stocks and ETFs. The institution says the caller diagnostic offers hundreds of prime U.S.-exchange-listed communal stocks, securities, and ETFs.
Furthermore, FTX volition initially way the equities trading level orders done Nasdaq. The institution besides noted that prime securities volition beryllium offered via fractional stock trading. Users tin besides acquisition the stocks, securities, and ETFs by utilizing a stablecoin specified arsenic USDC, recognition card, ligament transportation oregon ACH transfer.
“Our extremity is to connection a holistic investing work for our customers crossed each plus classes,” FTX US president Brett Harrison said successful a statement. “With the motorboat of FTX Stocks, we person created a azygous integrated level for retail investors to easy commercialized crypto, NFTs, and accepted banal offerings done a transparent and intuitive idiosyncratic interface.”
The institution volition present beryllium competing with the likes of Robinhood, a fiscal services institution that besides provides customers with cryptocurrencies, stocks, and ETFs. Much similar FTX US precocious adding banal purchasing options, Robinhood has precocious rolled retired crypto plus services this year. The latest FTX Stocks diagnostic from the institution besides follows the FTX laminitis Sam Bankman-Fried purchasing adjacent to 8% of Robinhood shares.
Another similarity to Robinhood is the information FTX US says nary fees volition beryllium taken from approved brokerage accounts. “FTX Stocks volition connection its customers no-fee brokerage accounts, commission-less trading, and free-market information and institution cardinal data,” the company’s announcement connected Thursday notes. “The institution further chose to destruct minimum required lawsuit balances and tiered relationship systems communal among retail banal trading platforms.”
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What bash you deliberation astir FTX US adding banal options to the platform? Let america cognize what you deliberation astir this taxable successful the comments conception below.
Jamie Redman is the News Lead astatine Bitcoin.com News and a fiscal tech writer surviving successful Florida. Redman has been an progressive subordinate of the cryptocurrency assemblage since 2011. He has a passionateness for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written much than 5,000 articles for Bitcoin.com News astir the disruptive protocols emerging today.
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