FTX.US, the U.S. affiliate of cryptocurrency exchange FTX, has reported 150-times growth in average daily volume in the first half of 2021 compared to last year.
- The exchange carried a daily volume ranging between ~$150 million and ~$1 billion during this period, hitting a high of $993 million on April 22, the company said Thursday.
- Bitcoin, the world's largest cryptocurrency by market value, was priced at around $54,000 at the time, having been north of $63,000 less than a week earlier.
- FTX also cited its lively marketing strategy in its mid-year operational update which appears to be bearing fruit in placing itself front and center before a mass audience.
- FTX CEO Sam Bankman-Fried told CoinDesk TV a week ago of the Hong Kong-based firm's plans to expand its business in the U.S.
- “There isn’t nearly as much business going on right now as you would expect given the size of the economy,” he said. “A lot of that is regulatory. It’s something that we’re working on there.”
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.