Its president said the company won’t be charging trading fees or use a Robinhood-like payment for order flow business model.
FTX. US has opened stock trading to users in all 50 American states, company President Brett Harrison said in a tweet Wednesday.
The cryptocurrency exchange will now allow all users to trade hundreds of stocks and exchange-traded funds either online or through the FTX. US Pro mobile app, he added. The U.
S. unit of the FTX exchange piloted the feature to a select group of customers in May, and said it would not charge fees or monetize trades in a way similar to Robinhood (HOOD), which has been criticized for its payment for order flow business model. In June, FTX.
US acquired stock-clearing company Embed Financial Technologies to provide its application programming interface (API) and brokerage services to the platform. .
By Cameron Thompson on Jul 27, 2022 20:40
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