Share this article
Crypto Derivatives Platform FTX Now Supports Deposits via PayPal
The new payment option allows users to deposit many currencies "instantly," the exchange's CEO said.
Updated Sep 14, 2021, 12:19 p.m. Published Mar 2, 2021, 11:42 a.m.
Customers of the cryptocurrency derivatives platform FTX can now use PayPal to top up their trading accounts.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- FTX CEO Sam Bankman-Fried tweeted Tuesday that users can get "instant" payments to their accounts if they use the PayPal option.
- Most currencies are supported by the payments giant, and credit card payments can also be made through PayPal, Bankman-Fried said.
- He cautioned that, due to PayPal's fees, larger payments would be cheaper for users if sent to accounts with bank wires.
- FTX is noted for offering innovative derivatives products. It previously launched the S**tcoin Futures Index as a way to short alternative cryptocurrencies; "TRUMP" and "BIDEN" futures ahead of the 2020 U.S. presidential election; and a derivatives contract based on the Airbnb initial public offering.
- PayPal moved into the crypto space last year, sending markets soaring when it announced it would allow users to buy and sell cryptocurrency as well as provide merchant services.
Read more: FTX Seeks to Launch Coinbase Futures Market Ahead of Public Listing
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
XRP Slides as Traders Take Bitcoin Profits, With ETF Flows Still Strong
Institutional flows surged 54% above the weekly average, indicating strategic selling rather than retail panic.
What to know:
- XRP fell from $2.09 to $2.00, marking a 4.3% decline and underperforming the broader crypto market.
- Institutional flows surged 54% above the weekly average, indicating strategic selling rather than retail panic.
- Despite ETF inflows, XRP struggles to break the $2.09–$2.10 resistance, maintaining a tight trading range.
Top Stories
