By Ron Jackson
the spring of 2020, global cryptocurrency and NFT
exchange FTX make a
big move into the U.S. market by launching FTX.US.
The separate exchange dedicated solely to American
customers complies with all U.S. rules and regulations
covering the company's various products.
In the past 30 days alone (as of this writing), over $10.5
billion worth of transactions were completed on the
someone in the U.S. goes to FTX's global site at FTX.com,
they are immediately greeted with a link to FTX.US with
this message, "FTX US is a US
cryptocurrency exchange that welcomes American users.
Buy and sell dozens of different tokens. Send and receive
USD to your bank account or credit card. Buy goods online or
in person using crypto with your FTX Card."
with The Block, Sam Bankman-Fried, the
Founder and CEO of FTX and FTX.US, said “I think U.S.
crypto customers have been under-served for a while,
and I'm excited to try to push the industry forward.
We have a history of providing market-leading
liquidity--from some of the industry's top market makers to
the most liquid futures order books. Because of this FTX.US
has had industry-leading order-books from day one."
to the FTX.US website, "FTX.US offers BTC, LTC,
ETH, BCH, PAXG and USDT with a significantly more
built out feature base than any other major US
platform. FTX.US also has industry standard
security, including a custom-built hot and cold
wallet solution; full external backing of all hot
wallet funds; and relationships with industry
leading custodians. FTX.US combines industry leading
banking on-ramps that make depositing and
withdrawing fiat a simple and quick experience.
Furthermore, FTX.US has seamlessly integrated
Stablecoins with USD in order to aggregate liquidity
and ease of use." FTX.US is also all in on NFTs.
is also interesting to note FTX US was founded with the goal
of donating to the world’s most effective charities.
FTX US, its affiliates, and its employees have donated over
$10 million to help save lives, prevent suffering, and
ensure a brighter future.
October 18, 2021. Permalink for this story:
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