crypto exchange ftx will let customers trade stocks and exchangetraded funds on its popular trading app alongside bitcoin and dogecoin ftx on thursday will open access to its new stocktrading service for a limited number of us users the head of the crypto exchange’s us arm said in an interview it plans to expand the functionality to all american customers in the next few months the app could ultimately offer trading in other asset classes such as futures all within the same interface said ftxus president brett harrison “what we eventually want to offer is an everything app for financial services” he said ftx plans to offer commissionfree stock trading like most major us online brokerage firms but it won’t route customer orders to highspeed traders in exchange for cash a controversial practice known as payment for order flow mr harrison said payment for order flow has come under increased scrutiny by lawmakers and regulators since last year’s frenzied trading in gamestop corp and other meme stocks that means ftx will lose money on stock trades relying on profits from crypto to subsidize the new service “we don’t necessarily have to see a profit on day one” mr harrison said ftx is set to announce further details of the launch later thursday mr harrison first said the crypto exchange was working on adding stock trading in january and ftx opened a wait list for the new service the following month other apps have already combined stock and crypto trading such as robinhood block inc’s cash app and publiccom but ftx’s move is less common in that it represents a cryptonative firm moving into traditional markets rather than a conventional financial player expanding into digital currencies based in the bahamas ftx runs one of the world’s largest crypto exchanges in recent months it has made a series of moves into traditional asset classes these ambitions have continued even as a huge selloff wiped out more than 15 trillion of value in cryptocurrency markets and sent bitcoin down more than 50 from its record high in november in april ftx acquired a stake in the iex stock exchange made famous by michael lewis’s 2014 book “flash boys” last week ftx billionaire cofounder and chief executive sam bankmanfried disclosed he had bought a 76 stake in tradingapp maker robinhood markets inc mr bankmanfried has said he is treating the stake as an investment and doesn’t have plans to influence robinhood’s management or strategy