FTXUS open We offer free stock trading to all users in the United States as we aim to reach more customers.
The exchange previously allowed selected users to test their stock trading options. With the full launch of trading services, the exchange aims to expand and attract more private investors.
FTX US President Brett Harrison I got it Despite the slump in the global financial markets, launching and completing a product during this period of low trading volume is more for exchanges as it seems to count its rewards when trading volume recovers again. It is beneficial.
Stock trading game plan
in the meantime publication Plan on Offering Stock Trading, FTX Specified Not to Receive Order Flow Payments (PFOF)Robin Hood I criticized it.
FTX routes all transactions directly through Nasdaq, not through third-party market makers. This promotes transparency and allows users to receive shares at the best possible price.
Stock trading services are provided free of charge. Users are not charged transaction fees and do not need to hold a minimum balance before accessing the entire product.
As a cipher Passed It continues to grow in the United States, and FTX said it will offer users crypto payment options. They can fund their securities accounts with stablecoins backed by fiat money such as USDC.
US President FTX has hinted at plans to soon introduce options trading to users.In a recent interview The Wall Street JournalHe said:
What we ultimately want to offer is all the apps for financial services.
FTX on Robin Hood’s territory
FTX’s US competitor Robin Hood has become popular with private investors following the wave of meme stocks in 2021. However, unfavorable market conditions reduced revenues by 48% from $ 522 million to $ 299 million year-on-year.
As financial pressure on investment companies increases, rumor FTX revealed that it is considering a contract with Robin Hood.In a statement issued to TechCrunchSam Bankman-Fried, FTX CEO, who holds a 7.6% stake in Robin Hood, said:
“I’m excited about Robin Hood’s business outlook and the potential ways to partner with them … but there’s no lively M & A conversation with Robin Hood.”
On the other hand, FTX led by Bankman Fried Spending A banquet to rescue the suffering crypto company.
FTX CEO said Reuters The exchange was liquid enough to invest up to $ 2 billion to prevent the transmission from affecting the entire crypto industry.
