Ledger Partners with Crypto Exchange FTX

Crypto partnerships are on the rise. With surging global adoption, leading companies in the crypto ecosystem are announcing collaborations to make digital assets more accessible. Ledger, one of the most popular hardware wallets, announced a partnership with crypto exchange FTX today.

As a result of the latest collaboration, the liquidity, leverage and trading options of FTX will be available via Ledger Live, the company’s secure self-custody application. The collaboration between FTX and Ledger has enabled global users of Ledger Live to trade a broad range of digital currency pairs.

Ledger outlined a few challenges related to the accessibility of digital assets in the global crypto ecosystem and mentioned that the recent partnership will provide quick access to trading in a secure environment.

“This is an important innovation in cryptocurrency trading,” said Sam Bankman-Fried, the FTX Founder and CEO. “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.”

With a valuation of more than $25 billion, FTX is one of the fastest-growing crypto firms in the world. In October 2021, the digital exchange secured $420 million in funding.

Partnership

The press release shared by Ledger states that the users can take advantage of innovative services in a smooth manner. With access to over 300 cryptocurrency trading pairs, the collaboration provides an important opportunity for portfolio diversification.

“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,” added the Ledger CEO, Pascal Gauthier. “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.”