FTX US launches stock trading app for US-listed equities and ETFs | Invezz
Invezz is an independent platform with the goal of helping users achieve financial freedom. In order to fund our work, we partner with advertisers who compensate us for users that Invezz refers to their services. While our reviews and assessments of each product on the site are independent and unbiased, brands may pay to appear higher up our table rankings or place ads in specific areas of the site. The order in which products and services appear on Invezz does not represent an endorsement from us, and please be aware that there may be other platforms available to you than the products and services that appear on our website. Read more about how we make money >
May 19, 2022
Users will be able to trade crypto, US stocks and exchange-traded funds all in one app.
Account funding will include fiat-backed stablecoins, wire transfers and credit cards.
FTX US, a regulated crypto exchange and trading app for the US market, has announced the launch of its stocks trading platform FTX Stocks.
The trading app will offer access to crypto, NFTs, US-listed stocks and exchange-traded funds (ETFs),with customers accessing all the features on the FTX US cryptocurrency exchange and app.
Are you looking for fast-news, hot-tips and market analysis?
Sign-up for the Invezz newsletter, today.
The launch is initially only available to a select group of waitlisted US customers in private beta. However, FTX US plans to expand the offering to all its customers in the country, the company said in a press release on Thursday.
FTX US President Brett Harrison commented:
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.
FTX Stocks users will fund their accounts via fiat-backed stablecoins, including USD Coin (USDC), alongside the traditional payment options of wire transfers, credit cards and ACH transfers.
For transparency in trade execution and to ensure fair pricing, the exchange has said all orders at this initial stage will be handled on Nasdaq. Trading is at zero commission.
The launch of FTX Stocks sees FTX US join Robinhood and Cash App (offered by Block), among other platforms, in offering both stocks and cryptocurrency trading via the same application.
68% of retail CFD accounts lose money
Stocks & Shares