Crypto Platform FTX Pay and Reddit Strike a Deal

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The Street

By Colette Bennett Longtime Redditors may be excited about this new partnership. For all the evangelizing about crypto that’s gone on in the past few years, the recent state of the market has been more than shaky. Crypto started to tumble toward a crisis point in May 2022, losing around half its value by the time June rolled around. It sent crypto investors into panic, prompted Tesla (TSLA) – Get Tesla Inc. Report CEO Elon Musk to convert 75% of the company’s bitcoins into fiat currency, and moved Meta’s META Facebook to shut its digital payment project, Novi. Crypto lenders also started to fo…

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