FTX adds the feature of cryptocurrency transfer by e-mail and phone number

Funds can also be sent to those who are not a customer of the exchange

01.11.2022 - 09:45

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2 min

What’s new? FTX cryptocurrency exchange CEO Sam Bankman-Fried has announced the launch of a new feature for customers of the global platform and its US arm. FTX and FTX US users can now transfer digital assets and US dollars by email address and phone number. Bankman-Fried reported this on his Twitter account.

A new feature on https://t.co/ZcBNEuyiG9 and https://t.co/X88vVFRcnG:Send!Send crypto (or dollars) to any email or phone number. pic.twitter.com/irqa7rFlXS— SBF (@SBF_FTX) November 1, 2022

How does the new feature work? FTX users can send digital assets, including to those who are not a customer of the exchange. However, in order to access the funds, the recipient will need to create an account on the platform, go through the know your customer (KYC) procedure and confirm the email address. The funds received will then be displayed in the “deposits” section of the FTX interface.

Sending is also done from the exchange’s interface, a text message can be attached to the transfer, in addition, it is possible to hide the information about one’s profile for the recipient.

What is known about FTX? It is a centralized crypto exchange (CEX) headquartered in the Bahamas. It was created in 2018 by trader Sam Bankman-Fried and programmer Gary Wang. The platform has more than one million registered users and features 327 coins and 516 currency pairs. The daily trading volume as of November 1, 09:10 UTC, is $1,76 billion, according to CoinGecko. The exchange’s native token, FTT, is trading at $26,13, having gained 2,2% per day, according to Binance.

In September, FTX bought the assets of the bankrupt crypto broker Voyager Digital for $1,42 billion. Also in Q3, the deal to buy Canadian crypto platform Bitvo is expected to close. In October, Bankman-Fried announced plans to buy the Coinbase exchange.

In April, the developers of the Dogecoin (DOGE) meme cryptocurrency conducted the first offline transaction using the Libdogecoin protocol and the Starlink satellite network. The RadioDoge project aims to provide access to conduct transactions without a connection to the global Internet.

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