FTX Adds Payoneer to Its List of Compensation Providers
Date: 2025-06-12 Author: Oliver Abernathy Categories: BUSINESS
Cryptocurrency exchange FTX and its subsidiary FTX Digital Markets Ltd (FTX DM) have announced a partnership agreement with global fintech company Payoneer, which is now the third official asset payout provider for FTX clients and the second in the liquidation process in the Bahamas. Previously, payments were made through BitGo and Kraken, and Payoneer began providing services on May 30, 2025.
As a reminder, the first stage of payments under the FTX restructuring plan was launched on February 18, 2025, and the second is scheduled for the end of May. The new provider gives users an additional choice of where to receive their compensation.
By choosing Payoneer, the client forgoes the direct receipt of funds in US dollars or their equivalents. Instead, payouts are transferred directly to the Payoneer account, and then the service credits the money to the user's bank account in the preferred currency.
In an official statement, FTX emphasizes that Payoneer is a public company with a presence in more than 190 countries, which ensures a high level of transparency and security of the payout process.
To qualify for compensation in the next rounds, users must complete the identification procedure (KYC) on the FTX platform, fill out all the necessary tax forms and register with one of the providers - BitGo, Kraken or Payoneer.
It is worth noting that payments will only be made to those claimants who are included in the official register at the time of the fixation date, and if the period for filing objections has already expired. In the event of a transfer of claims to third parties, payments will be sent to them, provided that these requirements are met.
We remind you that the reaction to the bankruptcy of FTX continues to be a hot topic in the international media and regulatory authorities, and the restructuring process is developing according to the approved plan.
As such, the addition of Payoneer as a compensation provider expands the options for FTX customers, making the process more flexible and convenient for users around the world.
