FTX.US trading volumes surge 512% in Q3

In the third quarter of 2021, trading volumes of FTX’s US subsidiary подскочили by 512%. The peak daily figure reached $807 million, with an average of $360 million.

FTX.US’s share of the U.S. spot cryptocurrency market rose from 2% to 4.5%. The client base grew by 52%.

The press release notes that the platform has established leading liquidity metrics, according to CryptoWatch. The situation has been observed throughout 2021.

We plan to expand into new areas, including derivatives, NFT and payment services, — said Brett Harrison, president of FTX.US.

In August, FTX.US acquired the cryptocurrency derivatives exchange LedgerX.

In September, the parent company moved its headquarters from Hong Kong to the Bahamas after its subsidiary obtained a license from the local regulator.

In October, FTX closed a Series B-1 financing round worth $420.69 million, valuing the company at $25 billion.

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