FTX Crypto Exchange records 150x year-on-year growth
US-regulated cryptocurrency exchange FTX saw its average daily volume grew 150x year-on-year, from June 2020 to June 2021 as per the release of their H1 2021 figures. Amidst the growth, the exchange hit their peak with $993 million traded during a 24-hour period on April 22, 2021. This according to Cryptowatch data
FTX.US is currently one of the leading crypto exchanges in the US with the highest trading volumes. It held the top ranking in the US for deepest liquidity as it maintained an average daily volume bracket of $150 million and $1 billion during the first half of 2021. It is currently among the leading crypto exchanges in the US with the highest trading volume.
Brett Harrison, President of FTX.US, said:
“We’re proud to share that our platform has offered investors the deepest liquidity in the US, despite the recent market volatility across all digital assets. But it’s really just the beginning for FTX.US, and we see every success we experience as a mandate to keep building.
Our mission is to be the preeminent cryptocurrency exchange in the US, and we will continue to rapidly scale our operations and expand our businesses this year and beyond.”
FTX.US Sports Partnerships 2021
FTX worked hard to get manifest those numbers. The exchange signed over 4 sports sponsorship agreements in 2021. At first it secured naming rights to the Miami Heat basketball arena in a 19-year, $135 million deal; more recently it entered a multi-year partnership with the Major League Baseball and became its first official cryptocurrency exchange partner.
FTX.US also made headline by signing the largest competitive e-gaming deal with eSports giant, ‘Team SoloMid’ by securing naming rights to create ‘TSM FTX’ through a 10-year, $210 million agreement. The exchange also brought on board a team of brand ambassadors as it announced an equity stake partnership deal with Tom Brady and Gisele Bundchen.
We’re proud to announce Tom Brady will serve as an FTX Ambassador, and Gisele as FTX’s Environmental & Social Initiatives Advisor.
— FTX – Built By Traders, For Traders (@FTX_Official) June 29, 2021
In May, the exchange launched FTX Pay to facilitate a fast, secure, and low-fee payment processing platform for users to receive crypto as well as fiat transfers. FTX Pay is customized according to individual requirements, i.e., the platform will meet individual payment needs on a case-to-case basis. FTX.US is recently relocated its headquarters to windy city Chicago.
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Author: Peter Siu