Top-tier crypto exchange platform FTX is reportedly widening its scope to cover equity trading, with its subsidiary FTX US catering to clients in America introducing a stock trading platform.

Specifically, West Realm Shires Services, the owner and operator of FTX US, reportedly disclosed details related to the anticipating introduction of FTX Stocks – a stock trading service rolled out in a direct manner via the FTX US trading app.

The new stock trading platform will feature trading and investing in hundreds of U.S. exchange-listed shares, including common stocks and exchange-traded funds.

Per the announcement, FTX Stocks will reportedly take the pioneering role in rolling out supporting features for retail investors to fund their accounts using fiat-backed stablecoins such as USD Coin (USDC). 

The feature will reportedly be made available through an alliance with the FTX US crypto exchange, offering another measure instead of default deposit options in the U.S. dollar, including wire transfers, credit card deposits and others.

Initially, the FTX Stocks platform will be rolled out in a private beta phase for a few particularly selected clients from a waitlist in America. The service will also initially route all orders via Nasdaq to make sure the transparency level of trade execution and fair pricing.

“With the launch of FTX Stocks, we have created a single integrated platform for retail investors to easily trade crypto, NFTs and traditional stock offerings through a transparent and intuitive user interface,” FTX US president Brett Harrison additionally remarked. 

Per Harrison, the demand level recorded across the market is undeniable, regarding a new retail investment experience with facilitating features for “full order routing transparency”, while at the same time not dependent on payment for order flow.