FTX, the digital-assets buying and selling platform launched two years in the past by Sam Bankman-Fried, mentioned it dealt with sufficient quantity final month to make it one of many largest crypto exchanges.
FTX posted greater than $400 billion in buying and selling quantity in April, the agency mentioned in an announcement Monday. That quantities to about $14 billion per day and marks a 25-fold improve from the identical interval final 12 months.
“A number of years in the past, we took a take a look at the state of the world’s crypto exchanges and recognized a spot within the market for a dependable and safe platform strong sufficient to satisfy the wants of institutional merchants and different energy customers,” Bankman-Fried, the agency’s co-founder and chief govt officer, mentioned within the assertion. “Two years later, FTX has established itself as a number one crypto trade providing modern and industry-leading merchandise.”
Bankman-Fried, 29, dove into crypto after ending a three-year stint on the quantitative-trading agency Jane Avenue Capital and began Alameda Analysis, a buying and selling firm, in late 2017. FTX at the moment has round 1,000,000 registered customers, based on the discharge, although it’s not accessible to U.S. residents.
— With help by Katherine Greifeld