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FTX: In 2021, the platform's spot trading volume reached $719 billion

FTX: In 2021, the platform's spot trading volume reached $719 billion

Cryptocurrency exchange FTX's spot trading volume increased 2,400% in 2021, reaching $719 billion. At its peak, the daily trading volume on the platform, including derivatives transactions, amounted to 13.8 billion, the company announced in a report published today;

FTX's average daily trading volume in 2021 exceeded $12.5 billion, up 1,187% year-over-year;

The user base of the exchange exceeded 5 million. The company noted that the number of registrations increased by 1,500% compared to 2020. The pace of development of the American division of FTX.US was even higher - during the year the number of users of the platform increased by 12 100%;

The company's staff almost tripled -  from 72 to ~200 people;

The company also reported that "after organizing the largest round in the history of the cryptocurrency industry valued at $32 billion. Earlier in the media it was reported that the head of FTX Sam Bankman-Frieda plans to raise $1.5 billion. 

Recall that in July 2021 the exchange raised $900 million in a Series B funding round, which was subsequently increased to $1 billion.

In October, FTX closed a $420.69 million Series B-1 funding round, after which its valuation reached $25 billion.

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