Crypto exchange FTX is getting into stock trading

Illustration by Alex Castro / The Verge

Cryptocurrency exchange FTX will soon allow for traditional stock trading alongside its crypto offerings, the company announced in a press release (via The Wall Street Journal). The functionality is currently available to a select number of users in the US, but it’s aiming to roll it out to more traders in the coming months.

FTX says it will offer commission-free trading with access to “hundreds of US exchange-listed securities” including both common stocks and ETFs. It will let customers add money to their accounts through credit card deposits, ACH transfers, and wire transfers. FTX also says it’s the first exchange to let users fund their accounts with fiat-backed stablecoins, such as USDC. While the price of stablecoins isn’t…

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Author: Emma Roth