FTX Now Supports Direct Deposit

Twitter icon  •  Published एक वर्ष पहले  •  Nikolas Sargeant

FTX President Brett Harrison and FTX CEO Sam Bankman-Fried announced via their respective Twitters on Tuesday July 19 that cryptocurrency exchange FTX would now accept direct deposits from employers. 

FTX is a cryptocurrency exchange registered in the Bahamas with over one million active users worldwide. 

Bankman-Fried clarified that the direct deposit from users’ employers would go into a bank account in their name. Harrison listed this new feature along with the possibility of paying for goods and services directly from an FTX account using the FTX Card.

A Twitter user criticized the exchange saying they might lose their savings if FXT went under. Harrison responded on July 20th by clarifying that the FTX accounts are FDIC-insured, like other bank accounts.

Reviews of FTX have praised them for their high liquidity, trust, and levels of security.

 

Author

Nikolas Sargeant

Nik is a content and public relations specialist with an ever-growing interest in Crypto. He has been published on several leading Crypto and blockchain based news sites. He is currently based in Spain, but hails from the Pacific Northwest in the US.