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.

AccessTimeIconJul 27, 2022 at 8:40 p.m. UTC
Updated Jul 27, 2022 at 9:25 p.m. UTC

Cameron Thompson is a news reporter at CoinDesk.

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.

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Cameron Thompson is a news reporter at CoinDesk.

CoinDesk - Unknown

Cameron Thompson is a news reporter at CoinDesk.