(WSJ) Crypto exchange FTX intends to open a new trading service on Thursday to a few users in the US.
FTX’s head of the US unit said that the crypto exchange will allow American customers access to the stock-trading service in a few months.
The crypto exchange intends to open trading in other asset classes, including futures in the same interface in the future. FTX US president Brett Harrison pointed out that the app will offer everything for financial services.
The exchange said it will provide commission-free stock trading, following the likes of other major online brokerage entities in the US.
Harrison said that the crypto exchange will not route customer orders to third-party high-speed traders in what is commonly known as payments for order flows. The focus prompted FTX to add that it will not generate a profit immediately since it will rely on crypto profits to subsidize the new service.
FXT is expected to outline further details of the new service on Thursday. The intended service comes after, in February, FTX opened a waitlist for the new service.
FTTUSD is up +1.92%.
