FTX 2021 annual summary: Over 5 million users, total financing over 1.4 billion US dollars

2022-01-18 22:23

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As the fastest growing cryptocurrency trading platform in 2021, FTX is becoming one of the giants that can't be ignored in the crypto industry.

End of Year 2021

Original source: FTX official blog

原文编译：谷昱，链捕手 ChainCatcher

Today, FTX released the 2021 summary on its official blog, sorting out its development data and achievements. The main data include the number of users exceeding 5 million, an increase of about 1300%; Spot transactions totaled $719 billion, up about 2,400%; Donations amounted to $16.77 million.

The blog also revealed that FTX had agreed to raise an additional $800m earlier this year after raising a cumulative $1.4bn in 2021, valuing FTX.com at $32bn and FTX US at $8bn. At the same time, SBF, the founder of FTX, bought back shares from some early passive investors, and more than 90% of FTX's equity is now held by the founding team and employees.

Specifically, in terms of trading volume, FTX's trading volume in January-February 2021 exceeded that of 2020, with the total spot trading volume for the year reaching $719 billion, an increase of about 2,400%. As much as $8bn is outstanding in the peer-to-peer lending market.

In terms of the number of users, FTX currently has more than 5 million registered users, an increase of 1500% compared with 2020. Meanwhile, daily active users have almost reached the number of registered users in 2020. Ftx.us user base grows by more than 12100% in 2021.

On the employee side, FTX had 72 employees at the start of 2021, almost tripling its headcount by 2022, Meanwhile, big names like Brett Harrison, a former Citadel executive, Mark Wetjen, a former CFTC commissioner, and Jonathan Cheesman, a former HSBC executive, joined FTX last year.

In terms of regulation and compliance, FTX was licensed in the Bahamas under the DARE Act 2020, making FTX the first major cryptocurrency trading platform to be licensed to offer derivatives. By the end of 2021, FTX had donated more than $10 million to various organizations across the Bahamas.

Construction of FTX's new headquarters in the country will begin in the first quarter of 2022. The mixed-use space will include office and commercial Spaces, as well as a boutique hotel and conference center, gym, childcare facilities and other innovative public Spaces.

FTX also acquired various licenses through acquisitions, applications and other means to improve its compliance. For example, FTX US acquired LedgerX (now FTX US Derivatives) and was licensed as a CfTC-registered Designated Contract Market (DCM), Derivatives Clearing Organization (DCO) and Swap Execution Instrument (SEF). Enable FTX US to be used in the United States and other jurisdictions that recognize CFTC licenses.

FTX Digital Markets became the first Digital assets business to be registered under the Bahamas Digital Assets and Registered Trading Platform Act, enabling it to offer a wide range of products and services to its customers in a regulated manner.

FTX continues to work with regulators in more than a dozen other jurisdictions around the world to obtain licensing and regulation in these jurisdictions.

In 2021, FTX also established a number of partnerships in the field of sports, including the NBA, Major League Baseball and the International Cricket Council, and became the first crypto company to acquire stadium naming rights. In December, Ad Age named FTX one of its top 10 marketers of the year, making FTX the youngest company to win this distinction.

Previously, in January 2021, the trading platform set up the FTX Foundation and announced that 1% of all fees generated by FTX would be donated to charity. FTX says $16.77 million has been donated so far, while users have contributed $8.65 million.