FTX US to Make Fractional Stock Trading Free

The company is set to make the trading of fractional shares free when fees kick in on Oct. 1

article-image

Brett Harrison, President, FTX.US

share

key takeaways

  • The app launched with 970 stocks, ETFs and American depository receipts available for trading
  • FTX US hopes to allow users to trade stock options on the app in the future

The majority of trades on crypto exchange FTX US’s new stocks application have been of the fractional variety — leading the company to waive fees for such trades moving forward, the company told Blockworks. 

The US affiliate of crypto exchange FTX, which revealed plans to launch a commission-free stock trading platform in May, officially unveiled the app Wednesday. 

Several thousand people from a waitlist participated in its private beta stage in recent months, and on Wednesday it became available to residents in all 50 states, FTX US President Brett Harrison said in a tweet. FTX US is the US affiliate of crypto exchange FTX. 

The app launched with 970 tickers available to trade — including stocks, ETFs and American depository receipts — and plans to add thousands more in time. Ultimately, Harrison said, FTX US hopes to allow users to trade stock options.

Harrison declined to share the number of users or trading volume FTX Stocks booked in its first day, but noted that he was surprised to see the high amount of trades that represented less than one share of a stock. 

People are showing interest in trading $100 of Tesla stock, for example, Harrison noted, despite a share of Tesla being worth, as of Friday afternoon, nearly $900.

“That is clearly a very important part of the platform,” he said. “And, in fact … we’re going to make all trades underneath one share be free.”

Excluding the free fractional shares trading, FTX Stocks will charge a fee representing 0.05% of the notional value of the trade, or 1 cent per share — whichever is lower — beginning Oct. 1. 

“The goal there is to have a fully transparent, very clearly well defined fee as opposed to a sort of hidden cost associated with payment for order flow,” Harrison said.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Research Report Templates (8).png

Research

Meta-aggregators like Titan and Kamino Swap improve price execution for users, making the Solana swapping landscape more competitive. Jupiter has incorporated meta-aggregation features into its latest routing engine to keep users on its front end (own the user, own the flow). At large, teams are treating swaps as a commoditized complement, offering incredibly cheap or free swaps to own the end-user and increase demand for high-margin product offerings (multi-product DeFi). On another note, the divergence in the concentration of aggregator volume between DEXs suggests increased specialization at the DEX layer by asset type.

article-image

Many community banks and credit unions feel like they missed the fintech craze — and they don’t want to miss stablecoins

article-image

BlackRock COO Rob Goldstein noted that the firm had been looking into crypto since 2017

article-image

With the June FOMC meeting coming up, the Fed remains unlikely to cut interest rates. Is this the right move?

article-image

The crypto-optional shooter is expected to release on Steam in a few weeks

article-image

The new airdrop campaign reaches 50,000 users, setting the stage for Spark’s 10-year token distribution