FTX US Opened Access To Stock Trading To All ClientsAdmin
Clients of the American division of the FTX bitcoin exchange received access to trading in classic stocks. This happened after the completion of beta testing among a limited circle of users.
The company promised in the future to add the possibility of transactions with options. Specific dates are not specified.
FTX US does not charge a commission on securities transactions and does not use the practice of “order flow payment” .
The CEO of the parent company, Sam Bankman-Fried, emphasized that at the initial stage, the exchange will not receive income from the service . The platform is looking to expand its customer base and increase its holdings, according to Bloomberg .
“If we improve this product during a period of low client activity, we will capitalize on this opportunity when trading volume increases again,” Brett Harrison, CEO of FTX US, said in an interview.
The top manager declined to be specific about a potential partnership with Robinhood. He noted that he was “excited about the prospects of doing business with an online broker.”
Recall that Emergent Fidelity Technologies, associated with the head of FTX, acquired a 7.6% stake in Robinhood in May.
Later, Bankman-Fried denied information about plans to take over the online broker exchange. Such a scenario of the development of the situation was allowed by Bloomberg sources.