FTX US exchange records record revenue in 3rd quarter of 2021


FTX US-based cryptocurrency exchange hit an average daily trading volume of $360 million in the third quarter. 

FTX US records record revenue in 3rd quarter of 2021

The revealed 3rd quarter of 2021 performance report shows that the US branch of crypto exchange FTX, FTX.US, saw a 512% increase in daily trading volume over three months prior to.

Specifically, FTX.US exchange has an impressive average daily trading volume of up to 360 million USD. At its peak on September 7, 2021, the exchange’s 24-hour trading volume set a record of $807 million. In addition, the number of users of this exchange also increased by more than 52% compared to 2nd quarter.

As of the end of September, this exchange held about 4.5% market share of Spot trading in the US, an estimated increase of 2% compared to July this year.

In the near future, the company will continue to promote the development of crypto derivatives trading in the United States. One of the first moves was the acquisition of the LedgerX platform at the end of August.

FTX has received a reward worthy of its efforts

The above impressive numbers have proved that the FTX cryptocurrency exchange is completely worth the effort when entering the US market. And one of the most talked about major events is the multi-million dollar advertising deals with many major sports organizations in the United States.

In October, FTX successfully raised an additional $ 420 million, bringing the amount of the exchange raised in 2021 to $ 1.3 billion. CEO Sam Bankman-Fried revealed that the money will be used to expand FTX’s operations into new markets. At the same time, it is also used to conduct more mergers and acquisitions.

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