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.
Download our detailed research into the online dating app market
The Dating App Report – Research, Insights and Statistics is provided with all data presented as charts and tables. So you can easily extract graphics and individual data. It provides an overview of the sector’s financials, usage, downloads, benchmarks and demographics.
Download ReportFTX 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
- Coinbase Revenue and Usage Statistics (2022)
- Binance Revenue and Usage Statistics (2022)
- Mobile Payments App Revenue and Usage Statistics (2022)
- Klarna Revenue and Usage Statistics (2022)
- Revolut Revenue and Usage Statistics (2022)
- eToro Revenue and Usage Statistics (2022)
- Monzo Revenue and Usage Statistics (2022)
- N26 Revenue and Usage Statistics (2022)
- Cash App Revenue and Usage Statistics (2022)
- Chime Revenue and Usage Statistics (2022)