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.
If you found this helpful, Subscribe to The Art of the Bubble’s free newsletter.
Join us on Discord for live chat and daily updates. Find us on Twitter too.