FTX has expanded its customer asset distribution network by adding Payoneer as its third service provider, joining existing partners Kraken and Bitgo. This strategic move aims to enhance the efficiency and security of asset disbursements to creditors during the exchange’s ongoing restructuring process.
Payoneer, a fintech firm specializing in cross-border payments with operations across 190 countries, brings extensive global reach to the repayment infrastructure. The partnership is designed to streamline creditor transactions and leverage established financial technologies for reliable asset recovery.
The inclusion of Payoneer marks a significant development in FTX’s restructuring efforts, providing stakeholders with increased confidence in the resolution of complex crypto insolvency cases through regulated payment solutions.