FTX.US, the U.S. branch of Sam Bankman-Fried-owned FTX, has announced that users across all U.S. states can now trade stock options on the platform after beta testing came to a close.
All U.S. Users Can Now Trade Stocks on FTX
On Wednesday, July 27th, Brett Harrison, the president of FTX.US, announced the nationwide rollout of FTX Stocks to all of its users. He tweeted:
FTX Stocks is now live for US users!— Brett Harrison (@Brett_FTX) July 27, 2022
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
The beta test for stock trading was opened to select users in May. Now, FTX.US users across the nation are able to trade stocks with no-fee brokerage accounts, and commission-free trading on the platform.
FTX has listed hundreds of stocks that will be immediately available for users to trade; These include Big Five Tech stocks Tesla Inc (TSLA), Microsoft (MSFT), Google (GOOGL), Amazon (AMZN), and Apple Inc (AAPL).
Options Trading on the Horizon
Completing its full rollout of stocks trading, FTX.US has hinted that the exchange plans on integrating options trading onto the platform, following the likes of Robinhood.
Brett Harrison made the announcement of exploring options trading last week, but did not reveal any specific timeline for the integration of options trading into the platform.
On the Flipside
- FTX’s proposal to acquire Voyager Digital appears to have broken down after the ailing crypto lender claimed that “no customer will be made whole” under the proposal.
Why You Should Care
The expansion of services by FTX.US has served to further increase competition among retail-focused stock trading platforms.
Read about the beta stocks trading program below:
Crypto Exchange FTX Launches Stock Trading Platform with Stablecoins
Find out more about FTX’s proposal to acquire Voyager:
Voyager Rejects Buyout Offer from FTX Due to “Lowball” Attempt