June 27, 2022

FTX Crypto Exchange’s Average Daily Volume Rose 150X YoY

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FTX.US, a US-regulated cryptocurrency exchange saw its average everyday volume grew 150x YoY, from June 2020 to June 2021 as per the 1H filing. The exchange touched the peak with $993 million during a 24-hour period on April 22, 2021. According to Cryptowatch,

FTX.US held the top ranking in the United States for deepest liquidity and maintained a typical daily volume bracket of $150 million and $1 billion throughout the first half of 2021. It is currently amongst the leading crypto exchanges in the United States with the highest trading volume.

“We’re proud to share that our platform has provided financiers the deepest liquidity in the United States, regardless of the current market volatility throughout all digital possessions. However it’s really just the beginning for FTX.US, and we see every success we experience as a mandate to keep structure. stated Brett Harrison, President of FTX.US including,

“Our objective is to be the preeminent cryptocurrency exchange in the US, and we will continue to quickly scale our operations and broaden our businesses this year and beyond.”,

FTX.US Sports Partnerships 2021

The exchange signed over 4 sports sponsorship contracts in 2021. From protecting naming rights to the Miami Heat basketball arena in a 19-year, $135 million offer; It went into a multi-year partnership with the Major League Baseball team and became its first main cryptocurrency exchange partner.

In addition, FTX.US signed the largest competitive e-gaming deal with the eSports companies giant, ‘‘ Team SoloMid’ by securing calling rights to produce ‘‘ TSM FTX’ through a 10-year, $210 million agreement. Finally, the exchange announced an equity stake partnership deal with Tom Brady and Gisele Bundchen. Together, they will act as ambassadors for FTX.COM and individually, for FTX.US.

FTX Pay

FTX.US likewise introduced FTX Pay in May to help with a quickly, safe and secure, and low-fee payment processing platform for users to get crypto along with fiat transfers. FTX Pay is tailored according to private requirements, i.e., the platform will satisfy individual payment needs on a case-to-case basis. FTX.US broadened its workplaces, by starting a business in Chicago, one of the largest financial centers in the United States.

The post FTX Crypto Exchange’s Average Daily Volume Rose 150X YoY appeared initially on Coingape.