Media: FTX exchange surpasses $1 billion in revenue in 2021
- August 21, 2022
- 0
The revenue of the FTX cryptocurrency exchange exceeded $1 billion in 2021, which is nearly 10 times more than a year ago ($90 million). It is reported by
The revenue of the FTX cryptocurrency exchange exceeded $1 billion in 2021, which is nearly 10 times more than a year ago ($90 million). It is reported by CNBC.
The growth driver of the company’s revenue was the development of its global trade business. A significant portion of the total revenue came from cryptocurrency derivatives available to non-US citizens.
Over the past two years, FTX’s operating income has grown from $14 million to $272 million.
In the first quarter of 2022, the company’s revenue amounted to $ 270 million, the corresponding figure for the current year is expected to be $ 1.1 billion.
In a comment to the publication, FTX CEO Sam Bankman-Fried described the numbers as “the right measure.”
fwiw numbers here are correct ballpark
— SBF (@SBF_FTX) 20 August 2022
FTX has recently partnered with Paradigm to launch futures spread trading.
Earlier, Sam Bankman-Fried criticized crypto giants for being indifferent to companies experiencing financial difficulties.
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I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
