The FTX US crypto exchange recently added features allowing users to fund their accounts with fiat-backed USD stablecoins through FTX stocks.
FTX has launched a stock trading platform called FTX-US in conjunction with its United States-based counterpart, FTX-US. Recently, the owner and the operator announced the FTX stocks. Users can trade directly via the FTX-US on thousands of U.S. trade stocks and standard and exchange-traded shares on the trading app.
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Retail investors will be able to fund FTX Stock accounts with fiat-backed stable coins like USD Coin (USDC) for the first time through the announcement. Through our partnership with FTX US crypto exchange, you will be able to deposit in your currency or through various alternative strategies, such as credit card deposits, wire transfers, etc.
A select group of U.S. customers will be chosen from a waitlist to participate in the FTX Stocks beta phase. In the beginning, Nasdaq, which will provide transparent trade execution and fair pricing for all orders, is also mentioned in the announcement.
The launch of FTX Stocks provides a simple and transparent way for retail investors to trade crypto and other digital assets and traditional stock options, FTX US president Brett Harrison said. He explained that “clear market demand” exists for an innovative retail investment experience that provides “full order routing transparency” while allowing order flow independent of payment.
This news comes after the CEO and FTX founder, Sam Bankman-Fried, criticized Bitcoin’s payment network efficiency. Specifically, he criticized the mining consensus on the bitcoin network, arguing it’s too slow to process millions of transactions.
This news comes after the CEO and FTX founder, Sam Bankman-Fried, criticized Bitcoin’s payment network efficiency. Specifically, he criticized the mining consensus on the bitcoin network, arguing it’s too slow to process millions of transactions. As of May 2022, Robinhood’s shares are worth about $650 million.
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