FTX Income Exceeded $1B in 2021
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The income of crypto exchange FTX last year exceeded $1 billion. The figure is about 10 times more than a year earlier ($90 million, CNBC reports.
The growth driver of the company’s revenue was the development of the global trading business line. A significant share of the total proceeds came from cryptocurrency derivatives available to non-US residents.
We should note that during the last two years, FTX’s operating income has grown from $14 million to $272 million.
In Q2 2022, the company’s revenue amounted to $270 million. The corresponding figure for the current year is projected at $1.1 billion.
The company CEO Sam Bankman-Fried has said that the figures are “the right benchmark.”
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