United States announced that US-based users will have access to stock trading services. The services will be available to major FTX users located in all 50 US states as part of an effort by FTX US to expand the products and services offered on the platform.
FTX US offers stock trading
FTX US President Brett Harrison said that the offer would be available to all citizens of the United States, including Puerto Rico and the US Virgin Islands. The exchange will allow these users access to stock trading and exchange-traded funds (ETFs).
The FTX US website will now support buying and selling shares of some of the biggest companies like Amazon (AMZN), Apple (AAPL), and Tesla (TSLA). The company will also support the trading of exchange-traded funds (ETFs).
Two months ago, FTX US unveiled the first version of the stock trading service. However, this option was only available to a few users, but the stock trading services are now open to all users of the exchange.
Last month, Harrison outlined the company’s long-term vision to become the platform that supports the trading of all types of investments. In addition to offering equity trading services, the company also plans to provide a wide range of services to its US clients, including 24/7 real-time premier margin trading for futures contracts to US users.
The company said that today most clearinghouses only offer margin trading once a day and five times a week. However, FTX had planned to support real-time margin trading every 30 seconds, 24/7. This decision would form the basis of the FTX application.
FTX trades during the bear market
FTX US is one of the fastest growing exchanges in the United States. Earlier this year, FTX US raised $400 million in a funding round led by Softbank Group Corp. and Temasek Holdings in Singapore. After this funding round, the company’s valuation rose to $8 billion.
FTX is among the few crypto firms that have proven their liquidity amid the bear market. The company has bailed out crypto firms affected by the ongoing bear market, including BlockFi and Voyager. FTX recently offered Voyager a deal to onboard users bound by bankruptcy filings. However, Voyager rejected the offer saying it would hurt its customers.
Battle Infinity – New Crypto Presale
- Presale until October 2022 – 16500 BNB Hard Cap
- First Fantasy Sports metaverse game
- Play to Earn Utility – IBAT Token
- Powered by Unreal Engine
- CoinSniper Verified, Strong Proof Verified
- Battleinfinity.io roadmap and whitepaper