Media: FTX exchange income in 2021 exceeded $ 1 billion

Media: FTX exchange income in 2021 exceeded $ 1 billion

FTX cryptocurrency exchange income in 2021 exceeded $ 1 billion. The indicator is about 10 times more than a year earlier ($ 90 million). This is reported by CNBC.

The driver of the company’s revenue was the development of a global trading business. A significant share in the total volume of revenues fell on cryptocurrency derivatives available to non -residents of the United States.

Over the past two years, FTX operating profit has increased from $ 14 million to $ 272 million.

In the first quarter of 2022, the company’s income amounted to $ 270 million. The corresponding indicator according to the results of this year is predicted at $ 1.1 billion.

In a commentary on the publication, the head of FTX Sam Bankman-Fried called the numbers the “right landmark” given.

FTX recently made a partnership with Paradigm to launch the trade in futures spreads.

Earlier, Sam Bankman-Fried has criticized crypto-players for indifference to companies experiencing financial difficulties.

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