{"id":27371,"date":"2022-05-19T11:25:16","date_gmt":"2022-05-19T15:25:16","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=27371"},"modified":"2022-05-19T11:27:35","modified_gmt":"2022-05-19T15:27:35","slug":"ftx-us-launches-stock-trading-platform","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/ftx-us-launches-stock-trading-platform\/","title":{"rendered":"FTX US launches stock trading platform"},"content":{"rendered":"\n
FTX's US subsidiary FTX US has launched a stock trading platform, the stocks will allow retail investors to fund their accounts with fiat-backed stablecoins like USD Coin<\/a> (USDC).<\/h5>\n\n\n\n
\"FTX
FTXUS launches stock trading platform<\/figcaption><\/figure><\/div>\n\n\n\n

The owner and operator of the exchange West Realm Shires Services, announced on May 19 the imminent debut of FTX Stocks, a stock trading service available directly through the trading app.<\/p>\n\n\n\n

Hundreds of U.S. exchange-listed shares, including common stocks and exchange-traded funds\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, will be available for trading and investing on the new stock trading platform.<\/p>\n\n\n\n

FTX Stocks will be the first platform to allow retail investors to fund their accounts using fiat-backed stablecoins like USD Coin, according to the statement (USDC).<\/p>\n\n\n\n

The option is provided through cooperation with the FTX US crypto exchange, and it serves as an alternative to traditional U.S. dollar deposit methods like wire transfers, credit card deposits<\/a>, and others.<\/p>\n\n\n\n

FTX Stocks platform<\/h2>\n\n\n\n

The FTX Stocks platform will be accessible in a private beta phase for a small group of US consumers selected from a waiting list. According to the release, the service will first route all orders through Nasdaq <\/a>to ensure transparent trade execution and fair pricing.<\/p>\n\n\n\n

FTX US President Brett Harrison said, “With the introduction of FTX Stocks, we have built a single integrated platform for retail investors to seamlessly trade crypto, NFTs, and traditional stock offerings through a transparent and intuitive user interface.”<\/p>\n\n\n\n

He went on to say that there is “obvious market demand” for a new retail investment experience that supports “complete order routing transparency” without relying on payment for order flow.<\/p>\n\n\n\n

The announcement comes after FTX founder and CEO Sam Bankman-Fried questioned Bitcoin (BTC) as a payment network's efficiency on May 16. He highlighted particular worries about the Bitcoin network's mining consensus<\/a>, claiming that it is insufficiently scalable to handle millions of transactions.<\/p>\n\n\n\n

The CEO has also been buying significant industry companies' stock, including around $650 million in the crypto-friendly stock trading app Robinhood's stock as of May 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"

FTX’s US subsidiary FTX US has launched a stock trading platform, the stocks will allow retail investors to fund their accounts with fiat-backed stablecoins like USD Coin (USDC). The owner and operator of the exchange West Realm Shires Services, announced on May 19 the imminent debut of FTX Stocks, a stock trading service available directly […]<\/p>\n","protected":false},"author":12,"featured_media":27380,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32],"tags":[],"class_list":["post-27371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-exchange-news"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/image-109.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/27371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=27371"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/27371\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/27380"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=27371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=27371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=27371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}