The U.S. affiliate of crypto exchange FTX is rolling out zero-commission stock trading as part of a bigger bet that retail investors will want to see their crypto and stock investments in a single place.
FTX U.S. will offer no-fee brokerage accounts, commission-free trading, and market and company data, the company announced Thursday. For now, the new service is limited to a small number of U.S. users.
As people become more familiar with cryptocurrencies as investment assets, and as investing services become more easily accessible to a growing number of retail investors, FTX is counting on users growing weary of managing various apps and accounts for their financial activity, according to FTX U.S. President Brett Harrison. The company is hoping to become a one-stop shop for retail investors, he said.
The full article is available at https://www.cnbc.com/2022/05/19/crypto-exchange-ftx-us-gets-into-stock-trading.html