FTX US Now Enables Stock Trading Services For American Users

FTX US now enables stock trading services for American users and users in all 50 states can take advantage of the option so let’s read more today in our latest cryptocurrency news.

The US Subsidiary of FTX Crypto exchange expanded its range of services offering American customers the chance to trade stocks in Exchange-traded funds. The FTX US president Brett Harrison disclosed that the offering will be available to people in all 50 states but also places like Puerto Rico and the US Virgin Islands. Buying and selling stocks of leading companies like Tesla, Apple, and Amazon as well as trading ETFs is possible both on the company’s website and on the mobile application.

FTX Stocks is now live for US users!

Residents of all 50 states (yes, including NY!) as well as PR and USVI can sign up.

Trade hundreds of stocks and ETFs from both the web (https://t.co/dNB6shHp9j) and the FTX US Pro mobile app.

Feedback welcome! pic.twitter.com/hwzg2aTS0t

— Brett Harrison (@Brett_FTX) July 27, 2022

FTX US now enables stock trading services and up until now, the option is available only for the selected customers. Harrison outlined his company’s long-term goal to become an all-in-one investment platform so apart from introducing stock training services it aims to offer the first real-time margin for the futures of the American users:

“For most clearinghouses today, the margin is done once per day, five days per week. We’re proposing to do this real-time, every 30 seconds, 24/7, and that is a novel aspect of our application.”+

The US Affiliate of FTX is among the fastest growing exchanges around the world and at the start of 2022, it secured a $400 million fundraiser led by the Japanese Softbank Group Corp and the Singapore Temasek Holdings. The financing boosted the company’s valuation to $8 billion.

As recently reported, The digital asset exchange FTX offered bailouts to struggling companies and expanded its operations via acquisitions and the latest one that the company talked with was Bithumb. Vidente, as a stakeholder of the exchange, confirmed that he held discussions about the potential sale of the stake to the SBF-led company and it is not known whether there will be a full acquisition of Bithumb or it will work as joint management of the exchange.

The Bithumb owner suggested that the discussions of the deal are entering into final stages and the recent developments show that Bithumb is joining the list of possible buyouts that the exchange is weighing on. The South Korean crypto exchange faced multiple lawsuits since 2020 when the office got raided by authoriteis as a part of the investigation against the former Chairman Lee Jung Hoon.