FTX US to Launch Stock Trading Soon

FTX US to Launch Stock Trading Soon

FTX US to Launch Stock Trading Soon

FTX US has begun accepting users for a waitlist to learn about its soon-to-launch stock trading platform, company President Brett Harrison announced in a tweet on Friday.

  • FTX US, the American subsidiary of exchange FTX, specializes in the spot trading of cryptocurrency, but has been planning moves into other markets, including crypto derivatives through its acquisition of Ledger Holdings.
  • Last month, fellow crypto exchange eToro announced it would offer stock and ETF trading to its U.S. customers, while BitStamp also disclosed its plans to do so. Meanwhile, many primarily stock trading platforms such as Robinhood have been moving in the other direction to offer crypto trading.
  • Harrison tweeted in January that FTX.US was working actively on its stock trading service and teased some features it hoped to offer.
  • Last month, FTX US raised $400 million at an $8 billion valuation from investors, including Paradigm, Temasek, Multicoin Capital and SoftBank. It intends to use the funds to launch new business lines and explore strategic investments and acquisitions.

Read more: FTX US Joins International Swaps and Derivatives Association

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