Cryptocurrency exchange FTX.US has opened stock trading to users in all 50 U.S. states.
“Trade hundreds of stocks and ETFs from both the web (https://ftx.us/stocks) and the FTX US Pro mobile app.”
The FTX exchange will double its position in the cryptocurrency ecosystem and mainstream stock markets.
The company said it launched FTX, a new stock and ETF trading platform, intending to provide a comprehensive trading application covering all asset classes.
For stock and options trading, this includes services such as clearing and custody. So the company announced last month the acquisition of Embed Financial Technologies Inc., including its wholly-owned subsidiary Embed Clearing LLC, to further foray into the field of stock trading and to gain a good relationship with regulators on its new stock offering.
The U.S. arm of the FTX exchange piloted the feature to a select group of customers in May and said it would not charge fees or monetise trades like Robinhood (HOOD).
FTX and its US...
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