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Crypto Exchanges Eye Taking on Robinhood With Expansion Into Stock Trading

  • Launch could come in a couple months, FTX US President tweets
  • Crypto trading volume has recently cooled across the industry
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Cryptocurrency exchanges FTX US and Bitstamp USA may offer stock trading to customers, an expansion that would ramp up their rivalry with old-school finance stalwarts and hot newer players like Robinhood Markets Inc.

FTX US is working on adding stock and option trading, and a launch could potentially come in “a couple months,” President Brett Harrison tweeted on Tuesday, reiterating previous statements from the company along those lines. A spokesperson wouldn’t elaborate.