Tag Archives: cryptocurrency exchange

Stephen Curry Becomes Global Ambassador and Shareholder of Leading Cryptocurrency Exchange FTX

West Realm Shires Services Inc. and FTX Trading Limited, the companies behind FTX.US and FTX.COM respectively, today announced a long-term partnership with three-time NBA champion, two-time NBA Most Valuable Player, philanthropist and entrepreneur, Stephen Curry. In connection with being an FTX global ambassador, Curry will receive an equity stake in FTX Trading Limited and Curry’s foundation, Eat.Learn.Play., will partner with FTX on charitable initiatives.

“I’m excited to partner with a company that demystifies the crypto space and eliminates the intimidation factor for first-time users,” said Curry.  “FTX is likeminded when it comes to giving back to the community in meaningful ways and I can’t wait to see what we can achieve together.”

Curry, who has spent his entire 12-season professional career with the Golden State Warriors, is the latest high-profile athlete to partner with FTX in 2021, joining NFL stars Tom Brady and Trevor Lawrence. Curry’s equity stake in FTX Trading Limited further advances the company’s position as the fastest growing and most trusted place to buy, sell and trade Bitcoin, cryptocurrency, NFTs and other digital assets. He will be taking on the role of global ambassador to expand the reach of the FTX brand and tout the viability of cryptocurrency to new audiences around the world through several upcoming initiatives.

The partnership with FTX marks the 33-year-old’s first investment in the cryptocurrency space as the burgeoning entrepreneur continues to diversify his growing portfolio.

Additionally, FTX has committed to providing an annual charitable contribution to Stephen and Ayesha Curry’s foundation, Eat.Learn.Play. The foundation seeks to unlock the full potential of every child, anchored around the three core values vital to a successful childhood: nutrition, education and active living. Likeminded with FTX, Eat.Learn.Play. and its founders are committed to ensuring an equal road to a brighter future for all kids, with a specific focus on fighting to end childhood hunger, ensuring students have access to a quality education and providing safe places for all children to play and be active. Since the start of the COVID-19 pandemic, Eat.Learn.Play. and its community partners have served over 17 million nutritious meals to Oakland kids and families affected.   

Sam Bankman-Fried, CEO of FTX, said, “After meeting and speaking with Stephen, it was clear that he is a seamless fit for FTX. His tireless commitment to charity alongside a ferocious work ethic to become the greatest in any arena he steps foot in, whether it is basketball, investing or business, perfectly align with FTX’s core values. I look forward to working together with Stephen to create a positive impact for those who need it most in the world.”

About FTX.US

FTX.US is a US-regulated cryptocurrency exchange, built from the ground up. Its mission is for FTX.US to grow the digital currency ecosystem, offer US and international traders a platform that inspires their loyalty, and to become the market leading US regulated cryptocurrency exchange by volume within the next two years.

To learn more about FTX.US, please visit: https://ftx.us/

About FTX.COM

FTX.COM is a cryptocurrency exchange built by traders, for traders. It offers innovative products, including industry-leading derivatives, options and volatility products, tokenized stocks, prediction markets, leveraged tokens and an OTC desk. FTX.COM strives to be an intuitive yet powerful platform for all kinds of users, and to be the most innovative exchange in the industry.  FTX.COM has grown quickly since its founding, becoming one of the most respected cryptocurrency exchanges in the world in less than 2 years.

Bitex partners with Onfido reducing crypto investor onboarding time

AI powered identity verification streamlines KYC process for fast and secure onboarding to Bitex platform

With cryptocurrency exchanges seeing a surge in customer sign-up since the Bitcoin bull run, implementation of strict Know Your Customer (KYC) and Anti-Money Laundering (AML) measures has gained significance. To meet regulatory processes while enabling a positive user experience for its exchange and wallet, Cryptocurrency Exchange, Bitex, has partnered with global identity verification and authentication company, Onfido. 

By integrating Onfido’s award-winning identity verification solution, crypto investors are able to sign up to Bitex by simply taking a photo of their government-issued identity document (ID) and selfie. Onfido checks that the ID is genuine, and ensures the person presenting the identity is the legitimate owner and is physically present. 

The partnership has had immediate results with onboarding time reduced from 48 hours to 60 seconds. Crypto investors are able to sign up to Bitex’s Cryptocurrency Exchange and Wallet quickly, through a user-friendly experience that meets KYC and AML regulatory requirements and mitigates identity fraud. 

As Bitex expands into new markets, they can now be confident that it can satisfy customer verification, and that Onfido’s comprehensive coverage—spanning over 4,600 document types in 195 countries—will be there to help make the exchange more accessible to both Indian and global cryptocurrency investors. 

Bitex Founder and CEO Monark Modi said, “The recent bull run in Bitcoin has increased the interest and appetite of retail and institutional investors in India to actively consider cryptocurrency as an alternate investment and inflation hedge. However, given the knowledge and awareness levels of cryptocurrency among investors is still low, the system is seeing growing incidences of frauds and scams. With Onfido’s identity verification solution Bitex will ensure KYC and AML compliance to the highest levels on the exchange and wallet to safeguard our customers by providing a secure platform to invest and trade in cryptocurrency.” 

Harvinder Singh, GM APAC at Onfido said, “We’re pleased to be supporting Bitex to help scale their business while reducing their exposure to fraud. Our AI and ML models continuously learn to identify new fraud trends so we can enable Bitex to onboard more users quickly without compromising on their fraud requirements. This helps build user trust, inclusion and safety online and meet KYC and AML regulations.”

Onfido helps businesses balance usability and security. Onfido’s unique Software Development Kit (SDK) includes glare and blur detection, which gives real-time feedback to help users submit only high-quality pictures for document verification. Further, the Optical Character Recognition (OCR) auto fills data from identity documents and into the sign up form, reducing time taken for onboarding.

Coinbase cryptocurrency exchange files for IPO

As the price of Bitcoin continues to make consecutive historical highs the famous American company Coinbase is preparing for it’s IPO. Coinbase valuation has been skyrocketed to $77B according to trades on the Nasdaq Private Market. In the third week, the price has reached $303 per share, 50% higher than the first-week price of $200. Just to remind you that the market capitalization of ICE is around 63 billion.

Coinbase Global, Inc. announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”). The Form S-1 is expected to become effective after the SEC completes its review process, subject to market and other conditions.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). This announcement is being issued in accordance with Rule 135 under the Securities Act.

Coinbase is how the world uses crypto

In 2012, Coinbase had the radical idea that anyone — anywhere — should be able to easily and securely access Bitcoin. We see cryptocurrency as the future of money and a catalyst for creating an open financial system around the world.

Today, more than 35 million people in over 100 countries trust Coinbase to buy, sell, store, use and earn cryptocurrency.