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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
Updated on

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.