Original title: "End of Year 2021"
Original Source: FTX Official Blog
Original compilation: Gu Yu, ChainCatcher
Today, FTX released a 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%; the total spot transaction volume is 719 billion US dollars, an increase of about 2400%; The amount reached 16.77 million US dollars.
The blog also revealed that after raising a total of $1.4 billion in 2021, FTX had agreed to raise an additional $800 million at the beginning of this year, valuing FTX.com at $32 billion and FTX US at $8 billion. At the same time, SBF, the founder of FTX, repurchased equity from some early passive investors. Currently, more than 90% of FTX’s equity is held by the founding team and employees.
Specifically, in terms of trading volume, the trading volume of FTX in January-February 2021 will exceed that of 2020, and the total spot trading volume for the whole year will be 719 billion US dollars, an increase of about 2400%. The outstanding amount in the P2P lending market tops out at $8 billion.
In terms of the number of users, FTX currently has more than 5 million registered users, an increase of 1500% compared to 2020, and the number of daily active users has almost reached the number of registered users in 2020. FTX.us grows over 12100% in 2021 user base.
In terms of employees, FTX has 72 employees at the beginning of 2021, and the number of employees will almost triple by 2022. At the same time, important figures such as former Citadel executive Brett Harrison, former CFTC commissioner Mark Wetjen, and former HSBC executive Jonathan Cheesman joined the company last year. FTX.
On the regulatory and compliance front, FTX is licensed in the Bahamas under the 2020 DARE Act, making FTX the first major cryptocurrency exchange to be licensed to offer derivatives. By the end of 2021, FTX had donated over $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 centre, gym, childcare facilities and other innovative public spaces.
In addition, FTX also obtains various licenses through acquisitions, applications, etc. to enhance its compliance. For example, FTX US acquired LedgerX (now FTX US Derivatives), and obtained CFTC-registered Designated Contract Market (DCM), Derivatives Clearing Organization (DCO) and Swap Execution Facility (SEF) licenses, enabling FTX US to trade in the United States and other jurisdictions that recognize CFTC licenses.
FTX Digital Markets became the first digital asset business to be registered under the Bahamas Digital Assets and Registered Trading Platforms Act, enabling it to offer a variety of products and services to clients in a regulated manner.
For now, FTX is continuing to work with regulators in a dozen other jurisdictions around the world to be licensed and regulated in those jurisdictions.
In 2021, FTX will also establish many cooperations in the field of sports. The cooperative events or organizations include the NBA, Major League Baseball, and the International Cricket Council. At the same time, it will become the first encryption company to obtain the stadium naming rights. In December, Ad Age named FTX one of the top 10 marketers of the year, making FTX the youngest firm to date to win the honor.
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