Home News FTX.US daily trading volume increased by 512% in Q3

FTX.US daily trading volume increased by 512% in Q3

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In the third quarter of 2021, the trading volume of the United States division of the FTX crypto exchange jumped by 512%. Thus, the daily figure at the peak reached $807 million, averaging $360 million.

FTX.US shares on the US spot cryptocurrency market increased from 2% to 4.5%. Moreover, the customer base has increased by 52%.

In addition, the press release says that the platform has taken a leading position in terms of liquidity, according to CryptoWatch. The situation is observed throughout 2021.

Strict standards of the US financial services industry

“We plan to expand in new areas, including derivatives, NFT [non-fungible token] and payment services,” President of FTX.US Brett Harrison said in the statement.

Recall that earlier, FTX.US acquired the LedgerX cryptocurrency derivatives exchange. On the other hand, the company stressed that LedgerX will continue to provide its current products and services to existing customers.

Furthermore, the parties planned to create products for retail and institutional traders. As well as, allocate “significant resources” to develop relations with regulatory authorities. Also, to promote innovations in accordance with “strict standards of the US financial services industry”.

FTX

In September, FTX moved its headquarters from Hong Kong to the Bahamas. Therefore, the corporation announced on September 20 that the Bahamas Securities Commission has approved FTX Digital Markets, the Bahamian subsidiary of the global FTX crypto exchange, as an official digital asset business.

Previously in October, FTX closed a $420.69 million Series B-1 funding round with a company valuation of $25 billion. Temasek joined the industry-record July round of financing for a Series B company. In the amount of $900 million and brought the volume of investments within its framework to $1 billion.

69 investors took part in the fundraising, including Temasek, Sequoia Capital, Sea Capital, IVP, ICONIQ Growth, Tiger Global, Ribbit Capital, Lightspeed Venture Partners. As well as funds managed by the investment giant BlackRock.

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