Crypto exchange FTX expands into US stock trading

2022-5-20 23:40

FTX exchange is expanding into US equity trading with its subsidiary FTX US. FTX has launched its US equities trading service, accepting payments in Stablecoins and US dollars.

With this news, a select group of waitlisted US retail investors can fund their accounts with Stablecoins like USDC via the FTX US crypto exchange. FTX Chief Executive Sam Bankman-Fried released details of the news on his Twitter feed today:

1) Beta for stocks on FTX US opening today!https://t.co/y5FgA2Fw2y

— SBF (@SBF_FTX) May 19, 2022

The announcement comes a week after the Billionaire founder acquired a 7.6% stake in Robinhood. Shares of Robinhood Markets rose sharply by 23% last week after the FTX Chief revealed that it had taken a stake in the trading platform.

As said by Brett Harrison, FTX US President,

“Our goal is to offer a holistic investing service for our customers across all asset classes. 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  

Speaking of the move in an exclusive with the Wall Street Journal, he added,

“We would like to become the ‘everything exchange’ and the ‘everything app’ when it comes to financial services”

A new retail investment experience

Last week, Financial Times reported that several Wall Street brokers warned US regulators about FTX’s plans to automate risk management. The technology would radically disrupt traditional trading approaches. The FTX automated process could mean that computers would replace many functions currently performed by brokers. 

The no-fee brokerage accounts and commissionless trading will be attractive to the ready-made retail crypto market, familiar with this kind of trading. Not only does it offer transparency, but it eliminates the need for many of the standard broker services offered in traditional investing experiences today.

Last week, FTX CEO Sam Bankman-Fried made the headlines for his critique of Bitcoin as a form of payment. In an interview with the Financial Times, he argued that the Bitcoin Network is not scalable, noting that Proof of stake networks are more energy efficient.

Earlier this year, FTX was valued at $32 billion after it raised $400 million in a Series C funding round.

From today, US clients that joined a waiting list in February will be able to buy stocks and exchange funds on the platform. 

The post Crypto exchange FTX expands into US stock trading appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

FintruX Network (FTX) на Currencies.ru

$ 0.0007462 (+2.01%)
Объем 24H $73
Изменеия 24h: 3.78 %, 7d: 5.93 %
Cегодня L: $0.0007462 - H: $0.0007462
Капитализация $0 Rank 7418
Цена в час новости $ 0.0025809 (-71.09%)

ftx trading exchange crypto stock expands cryptoslate

ftx trading → Результатов: 126


Фото:

Chingari token, $GARI, becomes the first crypto to list on six top exchanges at a go

Following a successful Series A funding round earlier in the week, Chingari, India’s top video-sharing app, $GARI, its native token has been listed on six top exchanges. Announced Monday, $GARI will be listed on Huobi Global, FTX, KuCoin, Gate io, OKEx, and MEXC Global, which have reported over $12 billion in combined daily trading volume.  […]

2022-1-18 16:20


Фото:

Palmswap – A Brand New Perpetual DEX Built on Binance Smart Chain

Palmswap is a new protocol that you may not have heard of yet, but it won’t be long before you do, especially if you are trading derivatives. Even if the term perpetual doesn’t ring a bell, you’re probably familiar with exchanges like Bybit, Bitmex, FTX, and many others… these exchanges offer perpetual futures contracts, a … Continued The post Palmswap – A Brand New Perpetual DEX Built on Binance Smart Chain appeared first on BeInCrypto.

2021-12-27 14:20


Ledger and FTX join forces to enable leverage and trading through Ledger Live

Through Ledger and FTX’s partnership, crypto traders no longer have to make the choice between convenience and security. (Paris, France) December 9, 2021 —   Ledger, the maker of the world’s most popular hardware wallet and gateway to Web3, today announced its partnership with FTX, a leading global cryptocurrency exchange. As a result of this partnership, […]

2021-12-12 11:32


Фото:

Why buy FTX Token after its partnership with LedgerX and what we can expect in September

FTX FTT/USD is a crypto derivatives exchange where users can buy a wide variety of cryptocurrencies and sell them and gain access to index futures with low fees and up to 101x leverage. The FTX Token (FTT) is the utility token on the exchange which is used to reduce trading fees or serve as collateral […] The post Why buy FTX Token after its partnership with LedgerX and what we can expect in September appeared first on Invezz.

2021-9-3 17:58