FTX.US increases trading turnover 512% in Q3

by in Cryptocurrency News

FTX

In the third quarter of 2021, the trading volumes of the FTX US division jumped 512%. The daily indicator at its peak reached $ 807 million, an average of $ 360 million.

FTX.US's share of the US spot cryptocurrency market has grown from 2% to 4.5%. The client base increased by 52%.

The press release states that the platform has reached a leading position in terms of liquidity, according to CryptoWatch. The situation has been observed throughout 2021.

“We plan to expand into new areas including derivatives, NFT, and payment services,” said FTX.US President Brett Harrison.

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As a reminder, FTX.US acquired the LedgerX cryptocurrency derivatives exchange in August.

In September, the parent company moved its headquarters from Hong Kong to the Bahamas after its subsidiary was licensed by the local regulator.

In October, FTX closed its $ 420.69 million Series B-1 funding round with a company valuation of $ 25 billion.