FTX US introduces free stock trading

FTX US introduces free stock trading

ftx us presented its stock platform on Thursday, which enables private investors to act traditional listed stocks and ETFs in addition to crypto and non -fungible tokens (NFTS).

The company-the US subsidiary of the FTX crypto exchange based on the Bahamas-will now offer the trade and investment in hundreds of US shares and ETFs within its existing crypto trade app.

ftx USA President Brett Harrison referred to the growing number of private users of the company and the demand for diversified systems.

"On any day, a person might want to buy some Bitcoin or maybe you want to buy a couple of Tesla," he said to block works. "You will not want to open two different accounts ... and want to postpone your savings between two different applications to make this type of investment."

The offer called FTX Stocks will initially lead all orders via Nasdaq to ensure a transparent trade version and fair prices. It should begin in a private beta phase for selected US customers who are selected from a waiting list.

ftx Stocks will have to be kept-free broker accounts, free trade and free market and company data. The company does not require minimum customer credit.

The introduction is also the first time that brokerage accounts for private customers with fiat-supported stable coins as well as traditional USD deposit methods such as banking and credit card deposits can be financed, the company said.

ftx US currently offers a large part of the shares in the S&P 500 and Nasdaq 100 as well as several ETFs, said Harrison and added that the company would try to "expand this universe quickly over time.

"We think we have a theory that we think is pretty well underpinned by Robinhood, for example that we can help you to win and keep our customers through more options in an app and to offer you a better experience," said Harrison. The founder and CEO of FTX, Sam Bankman-Fried, acquired 7.6 % of Robinhood last week.

The start takes place because FTX US has focused on financial inclusion beyond crypto. The company recently selected Chicago as its headquarters and announced a program that focuses on the support of the city's support.

As part of its partnership with the non-profit organization Equity and Transformation, the one-year program of FTX US $ 500 per month offers additional income, education in financial competence, a toll-free bank account and a visa debit card for 100 chicagoer.

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The contribution "FTX US starts commission -free stock trading" is not a financial advice.