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

By Palak Malhotra
Published July 29, 2021 Updated July 29, 2021
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FTX Crypto Exchange’s Average Daily Volume Rose 150X YoY

By Palak Malhotra
Published July 29, 2021 Updated July 29, 2021

FTX.US, a US-regulated cryptocurrency exchange saw its average daily 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,

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

“We’re proud to share that our platform has offered investors the deepest liquidity in the US, despite the recent market volatility across all digital assets. But it’s really just the beginning for FTX.US, and we see every success we experience as a mandate to keep building. said Brett Harrison, President of FTX.US adding,

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

FTX.US Sports Partnerships 2021

The exchange signed over 4 sports sponsorship agreements in 2021. From securing naming rights to the Miami Heat basketball arena in a 19-year, $135 million deal; It entered a multi-year partnership with the Major League Baseball team and became its first official cryptocurrency exchange partner.

Additionally, FTX.US signed the largest competitive e-gaming deal with the eSports organizations giant, ‘Team SoloMid’ by securing naming rights to create ‘TSM FTX’ through a 10-year, $210 million agreement. Lastly, the exchange announced an equity stake partnership deal with Tom Brady and Gisele Bundchen. Together, they will serve as ambassadors for FTX.COM and separately, for FTX.US.

FTX Pay

FTX.US also launched FTX Pay in May to facilitate a fast, secure, and low-fee payment processing platform for users to receive crypto as well as fiat transfers. FTX Pay is customized according to individual requirements, i.e., the platform will meet individual payment needs on a case-to-case basis. FTX.US expanded its offices, by setting up shop in Chicago, one of the largest financial centers in the US.

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Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Palak Malhotra
238 Articles
Journalism & Mass Comm. ‘21 graduate, Palak is a GenZ journalist with background in Lifestyle journalism & PR. At CoinGape, Palak is a junior crypto journalist preparing for Web 3.0

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