Reddit Announces Partnership With This Crypto Exchange

Crypto exchange teams up with the Reddit community.

FTX made a mega announcement of partnering with Reddit.

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FTX will allow reddit users to pay gas fees on Reddit’s “Community Points” tokens using fiat.

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The partnership features the integration of FTX Pay as a white-label payment and exchange solution to support users onboarding Community Points.

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Reddit is a go-to platform for retail crypto investors and crypto was the most-viewed topic on it in 2021.

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Steven Goldfeder, CEO of Offchain Labs, developer of Arbitrum hopes to see new use cases emerge around Reddit’s crypto tokens.

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Reddit’s crypto integration is the latest example of a Web2 company buying into Web3 technology.

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Last week, Instagram expanded its approach by amalgamating NFT.

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