LedgerLive Partners with FTX to Offer Improved Swap Services

New generation wallet app LedgerLive has announced a new partnership deal with FTX exchange. With the integration of FTX services into its ‘Swap’ section on the app, users may now swap over 120 digital assets. In addition, the swaps will also come with reasonably low fees and top-notch security.

LedgerLive to Maximize FTX Partnership

According to an announcement made via a blogpost by the app, the FTX partnership will give LedgerLive users access to automated swaps. But even more than the automation, swaps will now come with lower fees, self-custody and more security.

“Firstly, with FTX, swapping digital assets and securing them in the Ledger Nano is now much easier. Before now, customers had to first trade on FTX.com before transferring funds to their Ledger device. But now, the FTX integration affords the whole process to be done in a single transaction. In fact, for those who are already FTX customers, an additional KYC might not be necessary,” the company wrote.

Also as a result of the partnership, users outside the United States may now swap over 120 digital assets. However, US-based customers can only swap just over 50 assets. Although there are over 7,000 possible combinations of pairs for global users on the LedgerLive app, US-based customers can only access just over 1,200 pairs.

Speaking about the collaboration,  Pascal Gauthier, Chairman & CEO at Ledger said in part:

“There is no better combination in crypto than the combined security and ease-of-use brought when FTX and Ledger join forces. Ledger secures 20% of the world’s crypto assets on more than 5 million Ledgers. Combined with FTX, one of the world’s leading crypto exchanges, our new partnership will combine the best of both worlds.”

Common Goals

It is noteworthy that Ledger and FTX are constantly making moves to expand and bring more inclusivity across the board. And this is a common goal for both platforms.  In fact, before this new partnership, the duo have previously partnered to make FTX’s liquidity, leveraging, and trading options accessible in over 150 countries, through LedgerLive.

At the time, FTX CEO, Sam Bankman-Fried said in parts that “this is an important innovation in crypto trading. The partnership between FTX and Ledger addresses this pain point for the marketplace, by providing quick access to trading while assets remain fully secure.”