The latest report confirms that FTX, a leading crypto derivatives exchange, has successfully partnered with Ledger Live to enable accessible live crypto trading services.
In a December 9 announcement, the Bahamian-based crypto derivatives exchange confirmed successful integration with Ledger, one of the most popular hardware wallets, to facilitate liquidity and leverage live trading services.
The new partnership will now enable global users of Ledger Live from more than 150 countries to access over 300 digital assets pairs, including BTC-ETH, BTC-SOL, through the FTX exchange. Furthermore, users will enjoy low transaction fees alongside full custodial control.
While commenting about the new partnership, Sam Bankman-Fried, CEO and Founder of FTX, described the new collaboration as “an important innovation in cryptocurrency trading,” adding:
“Investors are looking for increased security and self-custody solutions without sacrificing liquidity, leverage, and trading options. The partnership between FTX and Ledger addresses this pain point for the marketplace by providing quick access to trading while assets remain fully secure.”
On the other hand, Pascal Gauthier, CEO of Ledger, said:
“Ledger is the number 1 choice for serious crypto investors. More than 15% of all crypto assets are secured by the more than 4 million Ledger Nanos sold since 2014,”
“In the past, they would need to move their assets to an exchange, trade, and move back again. Now serious traders and investors can do everything right from the security of their Ledger Nano.”
Nevertheless, Ledger outlined a few challenges about the security and accessibility of digital assets in the global crypto ecosystem, asserting that its new partnership will offer quick access to trading in a more secure environment.
In the meantime, the FTX exchange vowed to provide more information about how the new partnership will manifest in the expansion of global accessibility in the coming weeks.
