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FTX US, the American subsidiary of crypto exchange FTX has begun to accept users for a waitlist for its soon-to-be-launched stock trading platform, according to a tweet from CEO Brett Harrison. The waitlist is open for FTX US Stocks! https://t.co/Hhc0eSHSI8 Sign up to be the first to learn about our upcoming stocks platform, including details on web/mobile access, trading execution, asset support, and integration with our crypto platform. — Brett Harrison (@Brett_FTXUS) February 11, 2022 The announcement doesn’t come as a surprise concerning the company has been focused on adding equities for a while now. Infact, just last month Harrison tweeted that FTX US was working on a stock trading service and was planning features for portfolio tracking performance, up-to-date price quotes, among other features. The American affiliate is also eager to add derivatives trading, as crypto futures have propelled FTX’s global arm to prominence. We’re hard at work on stocks! Features we’re planning for day 1: -Live BBO and historical candles-Stock screening/search functionality-Basic fundamentals (market cap, P/E ratio, dividend yield)-Portfolio performance tracking, order/trade details What else should we have? pic.twitter.com/q2bTpsfuna — Brett Harrison (@Brett_FTXUS) January 11, 2022 Just last month, rival crypto exchange eToro announced it would offer stock and exchange-traded fund (ETF) trading to its U.S. customers. Similarly, BitStamp exchange too disclosed similar plans. Meanwhile, traditional stock trading apps such as Robinhood have been moving to offer crypto trading. Last month, FTX US raised $400 million at an $8 billion valuation from investors which included Multicoin Capital, Paradigm, SoftBank and Temasek. The funding amount will be used to create new business ventures and explore strategic investments and acquisitions. FTX US currently ranks in the top 20 exchanges for spot trading while the parent exchange FTX ranks third, according to CoinMarketCap.

The post FTX US to Launch Stock Trading Soon appeared first on Cryptoknowmics-Crypto News and Media Platform.

Crypto exchange giants FTX and Bitstamp are looking to expand their services and try competing with stock trading platforms. Brett Harrison, FTX US president tweeted out that the exchange was looking at offering “actual vanilla stocks” (as opposed to tokenized stocks) on its platform. “We’re hard at work on stocks! Features we’re planning for day […]

The post FTX and Bitstamp Explore Expansion Into Stock Trading appeared first on Coin Bureau.

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