News

FTX US Acquires Embed Financial To Promote Stock Trading

FTX US will acquire Embed Financial Technologies to enhance the institutional share trading offering.
FTX US Acquires Embed Financial To Promote Stock Trading 2

In an official announcement on June 21, FTX US said it would buy Embed Financial Technologies and its subsidiary, Embed Clearing, for an undisclosed amount.

The deal follows the announcement that the exchange will launch 0% commission stock trading through its FTX Stocks platform as well as open a stablecoin securities payment gateway this past May.

FTX US President Brett Harrison announced that the acquisition of Embed Financial Technologies will provide the technology and infrastructure to facilitate the exchange’s stock offering. In fact, FTX Stocks has been tested for some customers in the US since May. However, the platform will be available to all users in the country in the next few months.

In addition to Embed Financial Technologies, FTX US acquired crypto derivatives platform LedgerX in August 2021 as part of its ambition to offer options and futures on Bitcoin (BTC) and Ethereum (ETH).

Although the market is still struggling with the current extreme conditions, FTX CEO Sam Bankman-Fried confirmed that the exchange will continue to expand and prepare to spend billions of dollars more to make acquisitions. Notably, the FTX boss is also one of the most prominent whales who are saving the market during this difficult period.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Pepeto’s $600K Presale Highlights Vision for Supporting Memecoins Ahead of 2025

London, united kingdom, 22nd November 2024, Chainwire

1 hour ago

Robinhood Exec Dan Gallagher Declines SEC Leadership Role

Robinhood Exec Dan Gallagher declined consideration to lead the SEC, affirming his commitment to Robinhood…

2 hours ago

Best Cryptos to Buy in November 2024: What Sets Qubetics Apart from Fantom and Immutable X?

Discover why Qubetics, Fantom, and Immutable X are the best cryptos to buy in November…

2 hours ago

Franklin Templeton Digital Assets and Sui Now Join Hands to Strengthen DeFi Strategy

Sui Foundation partners with Franklin Templeton Digital Assets to enhance DeFi solutions on the blockchain.

3 hours ago

Get Insights on BlockDAG’s $136M Presale Success Revealed in Recent AMA—BTC Soars to $99K, Avalanche Trading Volume Surges

See how Bitcoin confronts $99K resistance, Avalanche enjoys a 23% rise, & BDAG achieves a…

3 hours ago

This website uses cookies.