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FTX is a cryptocurrency derivatives exchange founded in 2019.
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The exchange is headquartered in Hong Kong and has offices in several countries, including the United States, Bahamas, and Antigua.
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FTX offers a wide range of cryptocurrency derivatives products, including futures, options, leveraged tokens, and prediction markets.
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According to FTX statistics the exchange has gained popularity among traders and investors due to its advanced trading features, low fees, and fast execution.
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FTX is one of the fastest-growing cryptocurrency exchanges, with a daily trading volume of over $10 billion as of 2021.
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In 2021, FTX secured naming rights for the Miami Heat's home arena, renaming it the "FTX Arena" in a $135 million deal.
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FTX has also made several strategic investments, including a $20 million investment in Blockfolio, a popular cryptocurrency portfolio tracking app, and a $50 million investment in the esports team TSM (Team SoloMid).
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According to FTX statistics, FTX's CEO and co-founder, Sam Bankman-Fried, is a prominent figure in the cryptocurrency industry and has been involved in several philanthropic initiatives, including donating over $5 million to the Effective Altruism movement.
FTX Revenue and Usage Statistics
In the world of cryptocurrency, FTX has been making waves as one of the fastest-growing exchanges in the market. Its user-friendly interface and innovative products have attracted a large user base, leading to impressive revenue growth in a relatively short period of time.
But just how much has FTX grown, and what do its revenue and usage statistics tell us about its place in the market? In this blog, we'll take a deep dive into FTX's financials and user engagement to understand what's driving its success.
We'll explore key FTX statistics such as trading volume, revenue, user acquisition, and retention, and compare FTX to its competitors to gain a broader perspective on its position in the market. Along the way, we'll also examine some of the factors that have contributed to FTX's growth, such as its partnerships, marketing strategies, and product offerings.
So buckle up and get ready to explore the world of FTX and what makes it a top player in the cryptocurrency exchange game.
FTX Key Statistics
FTX Overview
| Launched Date | May 2019 |
|---|---|
| HQ | Antigua and Barbuda |
| People | Sam Bankman-Fried (CEO, co-founder), Gary Wang (co-founder) |
| Business type | Private |
| Industry | Cryptocurrency |
FTX Revenue
According to FTX statistics one billion dollars in revenue was generated by FTX in 2021, over 1000% more than in 2020.
FTX Annual Revenue 2019 to 2021 ($mm)
| Year | Revenue ($mm) |
|---|---|
| 2019 | 7.2 |
| 2020 | 85 |
| 2021 | 1021 |
FTX Net Income
In 2021, FTX recorded a net income of $388 million, which represents an increase of over 2000% compared to its earnings in 2020.
FTX Annual Net Income 2020 to 2021 ($mm)
| Year | Net Income ($mm) |
|---|---|
| 2020 | 17 |
| 2022 | 388 |
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FTX Users
According to FTX statistics, a total of 1.2 million users are registered on FTX's platforms, but the company hasn't updated this number since the start of 2021.
FTX Annual Users 2019 to 2021 (mm)
| Year | Users (mm) |
|---|---|
| 2019 | 0.1 |
| 2020 | 1 |
| 2021 | 1.2 |
FTX Peak Trading Volume
In 2021, FTX accomplished a fourfold increase in its highest trading volume within a 24-hour period, which amounted to $21 billion.
FTX Peak 24 Hour Trading Volume 2020 to 2021 ($bn)
| Year | Peak trading volume ($bn) |
|---|---|
| 2020 | 7 |
| 2021 | 21 |
FTX Annual Crypto Exchange Volume
According to FTX statistics, last year, FTX oversaw a total of $719 billion in cryptocurrency exchange, denoting an 89% surge from the previous year.
FTX Annual Crypto Exchange Volume 2019 to 2021 ($bn)
| Year | Annual crypto volume ($bn) |
|---|---|
| 2019 | 27 |
| 2020 | 385 |
| 2021 | 719 |
FTX FAQ
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Is FTX available worldwide?
Yes, FTX is available worldwide except in a few restricted countries such as the United States and a few others.
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What cryptocurrencies can be traded on FTX?
FTX supports trading in over 100 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and other popular coins.
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What trading products does FTX offer?
FTX offers a wide range of trading products, including futures, options, leveraged tokens, and spot markets. The platform also offers unique products like MOVE contracts, which allow traders to speculate on the volatility of a particular cryptocurrency.
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Is FTX a safe exchange?
FTX takes security seriously and has implemented a range of security measures to protect its users' funds, such as multi-signature wallets and cold storage. The exchange also offers two-factor authentication (2FA) and IP whitelisting to enhance account security.
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What fees does FTX charge?
FTX charges competitive fees, which vary depending on the product being traded. Spot markets have zero trading fees, while futures and options have a small fee per trade. Leveraged tokens have a management fee built into the token price.
