Not All Bad News in the Crypto World. At Least Not For FTX.

FTX is a success story of the Crypto Boom, growing an estimated 12811.4% from 2019 to 2021.

  • According to Internal Documents (CNBC), FTX Exchange experienced a 1,000% growth during the crypto boom in 2020-2021 alone.
  • FTX’s revenue grew from $89M in 2020 to $1.02B in 2021
  • It has been expected that by the end of 2022 FTX would see a revenue of $1.1B, but it is unknown how the latest “Crypto winter” affects this.

FTX Exchange is among the top five largest Cryptocurrency exchanges by volume, and not a publicly traded company. FTX is a success story of the Crypto Boom, growing from an estimated $7.9M in revenue in 2019, to a staggering $1.02B in revenue in 2021. Their growth is, in part, explained by growth in customers, partnerships, and sponsorships.

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