As CNBC reports, sales are expected to have increased from $90 million USD in 2020 to over $1 billion USD in 2021. An increase of more than 1000%. The U.S. market accounts for only a small share of this, at 5%. FTX used the additional income, among other things, to buy up start-ups and other companies from the crypto industry.
And even despite the currently rather lower trading volume, the stock market is doing well. As CNBC reports, sales in the first quarter of 2022 amount to $270 million USD. And this at a time when other stock exchanges are forced to lay off employees due to the ongoing bear market. It is not yet known whether these positive sales developments could continue in the second quarter of 2022.
These figures sound particularly remarkable when you consider that FTX was only founded in 2019. A success story that is not often written. And that’s not all: Even the in-house coin, as you already know from Binance with the Binance Coin (BNB), managed to rank among the 23 largest cryptocurrencies worldwide within a very short time.
Currently, 1 FTX token is traded for $27.13 USD, the all-time high was $84.14 USD. With a current market capitalization of over $3,600,000 USD, he leaves well-known and established cryptocurrencies such as Chainlink (LINK), Crypto.com (CRO) and Cosmos Hub (Cosmos) behind them.
