About FTX
FTX operates a cryptocurrency derivatives exchange that aims to solve common problems in the trading market, such as clawbacks and ineffective liquidation systems. The platform caters to both retail and institutional clients, providing a trading environment that addresses the inefficiencies found in other exchanges. FTX generates revenue through transaction fees, margin trading, and various financial services. A key aspect of FTX's approach is its commitment to education and collaboration with other players in the cryptocurrency ecosystem, which sets it apart from competitors. The company's goal is to enhance the overall cryptocurrency trading experience and contribute to the growth of the market.
Nassau, BahamasHeadquarters
2019Year Founded
$1,778.8MTotal Funding
SERIES_CCompany Stage
Fintech, Crypto & Web3Industries
501-1,000Employees
Benefits
18 Privilege Leaves and 9 Public Holidays Leaves Per Year
Flexible Working Hours
Friendly and Progressive Atmosphere
Competitive Salaries
Frequent Outings and Company Parties
Employee Referral Program
Risks
FTX's legal battle with Binance could result in financial and reputational damage.
The sale of FTX EU to Backpack Exchange may lead to competitive challenges.
FTX's lawsuit against Anthony Scaramucci highlights potential financial instability.
Differentiation
FTX addresses common market issues like clawbacks and broken liquidation systems.
FTX serves both retail and institutional clients in the cryptocurrency market.
FTX focuses on education and collaboration to advance the cryptocurrency space.
Upsides
FTX's Chapter 11 Plan sets a clear timeline for creditor distributions by March 2025.
FTX's lawsuit against Binance could recover significant funds if successful.
FTX raised $14 million from political organizations, indicating ongoing support.
Funding
Total raised$1.78 B
Latest valuation$32.00 B
StageSERIES_C
SEED
7/31/2019$8
$40.00 M