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Finance

FTX Partners With Nuvei to Offer Instant Payments to Users

The deal will help support the higher value transactions that are often required in crypto trading, the companies said.

By Michael Bellusci
AccessTimeIconDec 14, 2021 at 7:55 p.m. UTC
Updated May 11, 2023 at 4:04 p.m. UTC
FTX bought the naming rights to the Miami Heat arena in March. (Danny Nelson/CoinDesk archives)
FTX bought the naming rights to the Miami Heat arena in March. (Danny Nelson/CoinDesk archives)

Cryptocurrency exchange FTX has partnered with payments firm Nuvei Corp to enable ways for users to receive instant payments to buy cryptocurrencies more quickly and securely.

  • “We want our users to have a frictionless experience and be able to convert from fiat to crypto and back seamlessly. We are thrilled to partner with an innovative company like Nuvei to provide a reliable payment on- and off-ramp for our users,” said Sam Bankman-Fried, founder and CEO of FTX, in a a press release Tuesday.
  • Nuvei CEO Philip Fayer added that “together, we will provide instant payment deposits, supporting the higher value transactions that are often required in cryptocurrency trading.”
  • Nuvei’s pact with FTX comes just a day after the payments firm said it is launching crypto-friendly debit cards with Visa.
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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

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    Michael Bellusci

    Michael Bellusci is CoinDesk's crypto reporter focused on public companies and digital asset firms.

    Follow @mikeybellusci on Twitter