FTX gives American clients access to traditional stock trading
- May 19, 2022
- 0
The American branch of the FTX cryptocurrency exchange has given a limited number of customers access to classic stock trading. This was said by the president of the
The American branch of the FTX cryptocurrency exchange has given a limited number of customers access to classic stock trading. This was said by the president of the company Sam Bankman-Fried.
2) A small subset of customers who signed up for the waitlist will get access to test it today.
We plan to expand it to the entire platform over the next month.
— SBF (@SBF_FTX) 19 May 2022
“A small percentage of customers who signed up for the waitlist will gain access today [к торговле акциями]We plan to roll out the service to the entire platform over the next month,” he wrote.
Bankman-Fried noted that the company does not receive commissions for transactions with securities and does not use the “order flow payment” practice. According to him, at the initial stage, the exchange will not receive income from the service.
In a conversation with The Wall Street Journal, FTX.US President Brett Harrison said that in the future the platform will be able to trade derivatives such as futures.
Recall, earlier, Jess Powell, head of Kraken bitcoin exchange, announced the potential launch of a service for traditional stock trading.
Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
