FTX Revenue and Usage Statistics (2021)

David Curry

Updated: November 12, 2021

FTX is one of the newer cryptocurrency platforms which have become wildly popular in 2021, with some pegging it as a key competitor to Coinbase in the retail investor market.

Sam Bankman-Fried and Gary Wang launched FTX in May 2019, two years after Bankman-Fried founded Alameda Research, a quantitative trading firm which specialises in cryptocurrency.

It offers derivatives, options, tokenised stocks, leveraged tokens and an NFT marketplace. It has also launched its own utility token, FTT, which has seen its market value increase by over 850% since the start of the year.

FTX acquired Blockfolio for $150 million in August 2020, providing it access to one of the largest cryptocurrency services for retail investors. It is through this app that FTX has acquired most of its mobile users.

It has also boosted its profile through sports partnerships, such as a 19-year $135 million naming rights deal with the Miami Heat, a 10-year naming rights deal with e-sports franchise TeamSoloMid.

Part of this push into sports and e-sports may be partly due to FTX’s interest in sports gambling and bets, which could be the next market cryptocurrency and blockchain operators get involved in.

FTX has grown considerably in valuation over the past two years, becoming one of the quickest companies to reach decacorn stage (+$10 billion valuation). It was valued at $18 billion in its latest funding round, which included SoftBank, Coinbase and Sequoia Capital.

We have collected data and statistics on FTX. Read on below to find out more.

FTX key statistics

  • FTX generated $85 million fee revenue in 2020. It has reportedly increased revenues by 840% in 2021
  • It has over one million users on its mobile and desktop platforms
  • Peak 24 hours trading volume has reached $21 billion in 2021
  • FTX managed $385 billion annual crypto trading volume in 2020

FTX overview

Launch 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

Year Revenue
2019 $7.2 million
2020 $85 million

Note: This is ‘fee revenue’, value of FTX total revenue is uncertain. Revenues increased by 840% in 2021, expected run rate of $850 million in 2021 

Source: Company data 

FTX users

Year Users
2019 0.1 million
2020 1 million

Note: Users across all FTX platforms (Blockfolio, FTX Pro and desktop) 

Source: Company data

FTX peak trading volume

Year Peak trading volume (24 hours)
2020 $7 billion
2021 $21 billion

Source: Company data

FTX annual crypto exchange volume

Year Annual crypto volume
2019 $27 billion
2020 $385 billion

Source: Company data

FTX


Want to learn more? Read our cryptocurrency sector profile

FTX FAQ

What is FTX most recent valuation?

FTX was valued at $18 billion in a funding round led by SoftBank in July (Bloomberg)

What is the average trading volume on FTX?

There was $10bn trading volume daily on FTX in June 2021

What does FTX sponsor?

FTX has naming rights for the Miami Heat stadium, e-sports organisation TeamSolo Mid and Mercedes-AMG F1 team

How much did FTX pay for Blockfolio?

FTX acquired Blockfolio for $150 million in August 2020

More Finance App Data

By signing up you agree to our privacy policy. You can opt out anytime.