FTX patners with stripe to build payments and Identity Verification Infrastructure

Sam Bankman, CEO FTX

FTX and FTX US has patnered with Stripe to create a frictionless onboarding and identity verification process for new exchange users, as well as to support payments for consumers depositing funds to their FTX account.

FTX is a cryptocurrency exchange based in the Bahamas. FTX is headquartered in The Bahamas and was founded in Antigua and Barbuda. The exchange has nearly one million members and approximately $10 billion in daily trading volume as of July 2021. FTX runs FTX.US, a separate exchange for citizens of the United States.

Investors were trading an average of $14 billion worth of assets each day on FTX as of January 2022. Following two years of rapid expansion, FTX is now focusing on the larger consumer investment community.

We want FTX to become a trusted mainstream brand,” said Tristan Yver, Head of Strategy at FTX. “We’ve partnered with Stripe to help us transform what could be unintuitive crypto experiences into ones that exceed consumer expectations.”

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