Nuvei Inks a Partnership with Crypto Exchange FTX

Canadian payments processing firm Nuvei Corporation (Nuvei) announced that it has formed a partnership with FTX Trading LTD (FTX), a leading global cryptocurrency exchange.

According to the announcement, the collaboration enables FTX to offer its users access to Nuvei’s innovative and instant payment solutions that significantly improves the user journey. This in return will help FTX’s users to buy cryptocurrencies faster and in a more secured way.

“Our partnership with FTX demonstrates Nuvei’s leadership in the growing cryptocurrency vertical and shows our ability to provide innovative solutions for customers of all types around the world,” said Philip Fayer, Nuvei’s Chair and CEO.”Together, we will provide instant payment deposits, supporting the higher value transactions that are often required in cryptocurrency trading.”

“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.

Last week, Nuvei announced that it is launching its branded Visa debit cards​ through its subsidiary Simplex to its partners across the European Economic Area and the United Kingdom.