FTX.US to enable stock trading; launches waitlist - OhNo WTF Crypto

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FTX.US to enable stock trading; launches waitlist


FTX.US, the American arm of popular crypto exchange FTX, is now venturing into traditional markets after announcing plans to launch a stock trading platform.

The company has rolled out a waitlist for interested users, who will be the first to learn about FTX.US’ “upcoming stocks platform, including details on web/mobile access, trading execution, asset support, and integration with our crypto platform,” President Brett Harrison tweeted Friday.

Meanwhile, this is not the first time the company has shown interest in the area. In another tweet dated January 12, 2022, Harrison revealed that FTX.US is “hard at work on stocks” and revealed some features it plans to debut along with it.

Apart from offering basic fundamentals, such as P/E ratio and dividend yield, the new platform will likely enable portfolio performance tracking, stock screening/search functionality, order/trade details, and live BBO and historical candles, per the tweet.

Last month, FTX.US closed its first external funding round at a valuation of $8 billion, raising $400 million from SoftBank Group, Temasek Holdings, Paradigm, and others. At the time, the company revealed plans to make strategic investments and acquisitions, and strengthen its derivatives efforts.

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