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

In 2021, FTX’s spot trading volume rose by 2,400%, reaching $719 billion. At its peak, the daily number of trades executed on the platform, including derivatives, reached 13.8 billion. The company said in a report published today.

The average daily trading volume on FTX in 2021 exceeded $12.5 billion, up 1,187% from the previous year.

The exchange’s user base surpassed 5 million. The company noted that registrations were up 1,500% versus 2020. The growth rate of the American unit FTX.US was even higher — over the year the number of platform users grew by 12,100%.

The company’s headcount nearly tripled — from 72 to about 200 people.

The company also said that, “after the organization of the largest round in the history of the crypto industry, it was valued at $32 billion.” Earlier media reports surfaced about plans by FTX chief Sam Bankman-Fried to raise $1.5 billion.

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

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

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