FTX exchange is expanding into US equity trading with its subsidiary FTX US. FTX has launched its US equities trading service, accepting payments in Stablecoins and US dollars.
With this news, a select group of waitlisted US retail investors can fund their accounts with Stablecoins like USDC via the FTX US crypto exchange. FTX Chief Executive Sam Bankman-Fried released details of the news on his Twitter feed today:
1) Beta for stocks on FTX US opening today!https://t.co/y5FgA2Fw2y
— SBF (@SBF_FTX) May 19, 2022
The announcement comes a week after the Billionaire founder acquired a 7.6% stake in Robinhood. Shares of Robinhood Markets rose sharply by 23% last week after the FTX Chief revealed that it had taken a stake in the trading platform.
As said by Brett Harrison, FTX US President,
“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 easi
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