Crypto Exchanges Eye Taking on Robinhood With Expansion Into Stock Trading

From bnnbloomberg.ca

Cryptocurrency exchanges FTX US and Bitstamp Ltd. are exploring offering equities trading in the U.S., a move that’d allow them to diversify while venturing into the territory of traditional financial firms and popular app providers such as 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 reiterated on Twitter on Tuesday. Initial features planned under equity trading include stock screening, display of basic fundamentals such as market capitalization and P/E ratios, and portfolio performance tracking. ... (full story)