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

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.png

Research

The convergence of DePIN and energy generation aims to address modern grid challenges by incentivizing distributed generation.

article-image

US states are now competing for Bitcoin bragging rights

article-image

The deal is likely to fuel further M&A around derivatives trading and infrastructure, Architect Partners’ Michael Klena says

article-image

Stripe announced Stablecoin Financial Accounts, which will allow businesses to have “stablecoin-powered accounts”

article-image

The deal is made up of $700 million in cash and 11 million shares of Coinbase’s Class A common stock

article-image

Blockworks Research uses numbers to help crypto advance to a higher stage of storytelling