About FTX
FTX is a Financial Services company based in Nassau (Bahamas) founded in 2019 by Gary Wang and Sam Bankman-Fried. It operates as a cryptocurrency trading is facilitated through an online platform. FTX has raised $1.73 billion across 6 funding rounds from investors including Circle, Coinbase and SoftBank. The company has 62 employees. FTX has completed 5 acquisitions, including Blockfolio, Liquid and Quoine. FTX was last valued at $32 billion in February 2022. Its chief executive is Sam Bankman-Fried. Its website ftx.com draws about 145 thousand monthly visits. Its focus areas include FinTech, Cryptocurrencies, Investment Industry and Crypto Exchanges. Its legal entity is West Realm Shires Services, Inc. Its competitors include Gemini, Blockchain, Bitstamp, PDAX and Bit2Me and 4 more; 8 of its 9 listed competitors have raised funding.
Company details
FTX was founded in 2019 and is based in Nassau City, Bahamas. Operations focus on the cryptocurrency sector, where digital assets such as Bitcoin, Ethereum, Tether, and Altcoins are bought and sold via encrypted networks. Transfers of various crypto derivatives are enabled, alongside OTC trading options for institutional users. The platform supports secure exchanges across multiple assets.
- Headquarters Nassau, Bahamas
- Employees 62
- Founders Gary Wang, Sam Bankman-Fried
- SectorsFinancial Services
- Website category Finance · Investing
- Website claims.ftx.com
- Social LinkedIn X Facebook
- Legal Name West Realm Shires Services, Inc.
- Total Equity Funding$1.73B (USD)
in 6 rounds
- Latest Funding Round$400M (USD), Series C
Jan 2022
- InvestorsCircle
& 65 more
- Employee Count62
- Investments & AcquisitionsBlockfolio
& 4 more
Funding Insights of FTX
FTX has successfully raised a total of $1.73B across 6 strategic funding rounds. The most recent funding activity was a Series C round of $400 million completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.73B
- Total Rounds 6
- Last Round Series C — $400M
- First Round $8M
(Aug 2019)
- Investors Count 66
All 6 funding rounds of FTX with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2022 | $400M | Series C | $32B | Paradigm, Temasek | |
| Oct 2021 | $420.69M | Series B | $25B | – | |
| Jul 2021 | $900M | Series B | $••••• | Temasek, Paradigm | |
| Jun 2021 | – | Series A | – | – | |
| Dec 2019 | – | Series A | – | Binance Labs | |
| Aug 2019 | $8M | Series A | – | Race Capital |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2022 | $32B | •••••••• |
| Oct 2021 | $25B | •••••••• |
| Jul 2021 | $••••• | •••••••• |
Full valuation and stage history of FTX
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Last known valuation $32B (Feb 2022). 66 investors in total: 63 institutional and 3 angel.
Investors in FTX
FTX has secured backing from 66 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Circle, Coinbase and SoftBank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are directed toward crypto-assets and Web3 businesses. | – | paradigm.xyz | San Francisco, United States | |
An investment platform is provided for diverse sectors and geographies. | 1974 | temasek.com.sg | Singapore, Singapore | |
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners. | 1997 | lsvp.com | Menlo Park, United States | |
Venture and private equity investments are managed with global diversification. | – | tigerglobal.com | New York, United States | |
Investment firm scaling software and technology companies from early to late stages. | – | insightpartners.com | - | |
Venture capital investments are offered to startups by NEA. | – | nea.com | Menlo Park, United States | |
Growth in technology companies is supported through venture capital. | – | ivp.com | Menlo Park, United States | |
Venture capital investments in technology and startups. | 2016 | visionfund.com | London, United Kingdom | |
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | - | |
Private equity investments are directed toward small and mid-sized companies. | – | theseacapital.com | Petaling Jaya, Malaysia |
Investor details for FTX
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People of FTX
3 people are tracked at FTX (3 in leadership); the tracked headcount is 62.
| Name | Role | Group |
|---|---|---|
Gary Wang | Co-Founder & CTO | Leadership |
Sam Bankman-Fried | Co-Founder & Co-CEO | Leadership |
John Ray III | Co-CEO | Leadership |
Complete people profiles for FTX
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Investments & Acquisitions by FTX
FTX has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Blockfolio, Liquid and Quoine.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
An online battle war game is hosted and developed. | storybookbrawl.com | Olympia, United States | 2020 | Mar 2022 | •••• | |
Digital assets are exchanged through an online platform. | liquid.com | Japan | 2014 | Feb 2022 | •••• | |
Cryptocurrencies are traded via an app-based exchange platform. | quoine.com | Tokyo, Japan | 2014 | Feb 2022 | •••• | |
Crypto portfolios are tracked and managed via a mobile app. | blockfolio.com | Los Angeles, United States | 2014 | Aug 2020 | $150M | |
Crypto trading, loans, interest accounts, and wallets are offered online. | blockfi.com | Jersey, United States | 2017 | – | •••• |
Complete acquisition details for FTX
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Timeline of FTX
9 dated milestones of FTX across 3 years, from founding to its latest funding, stage changes and deals.
- Founded FTX is founded.
- Funding First funding round of $8.0M.
- Acquisition Acquires Blockfolio.
- Milestone Reaches Unicorn status.
- Milestone Reaches Decacorn status.
- Funding Latest funding round, Series C, of $400.0M.
- Acquisition Acquires Liquid.
- Acquisition Acquires Quoine.
- Acquisition Acquires Storybook Brawl.
Competitors of FTX
FTX has 9 listed competitors in our database, 8 of them funded. They include Gemini, Blockchain, Bitstamp, PDAX and Bit2Me, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| gemini.com | 2014 | New York, United States | $423.9M | 551 | Platform offering crypto exchange solutions | |
| blockchain.com | 2011 | London, United Kingdom | $700M | – | App-based platform for exchange and trading solutions for cryptocurrency | |
| bitstamp.net | 2011 | London, United Kingdom | $11.37M | – | Cryptocurrencies are bought, sold, and exchanged via a mobile app. | |
| pdax.ph | 2017 | Makati, Philippines | $62.5M | – | Online exchange platform for cryptocurrencies | |
| bit2me.com | 2015 | Valencia, Spain | $83.22M | – | Online platform for crypto exchange | |
| liquid.com | 2014 | Japan | $20M | – | Digital assets are exchanged through an online platform. | |
| bithumb.com | 2013 | Seoul, South Korea | $200M | – | Cryptocurrency exchange services are operated in South Korea by Bithumb. | |
| bitmart.com | 2017 | New York, United States | – | – | Cryptocurrency trading is supported via a mobile application platform. | |
| archax.com | 2018 | London, United Kingdom | $39.97M | 47 | Provider of an online trading platform for cryptocurrency |
Detailed competitors of FTX
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Web traffic of FTX
The website of FTX (ftx.com) receives about 145.5K visits a month and ranks #259,141 among all websites worldwide, #2,779 in Investing.
- Monthly visits145.5K
▲ 0.6% vs previous month
- Unique visitors63.5K
per month
- Global rank#259,141
among all websites
- Category rank#2,779
Finance · Investing
- Bounce rate38%
- Pages per visit2.6
- Average visit38 sec
- DevicesDesktop 32% · Mobile 68%
Websites whose visitors overlap most with FTX. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
abmedia.io | abmedia.io | 100% | – | #131,396 | – |
| mitrade.com | 83% | 464.5K | #108,428 | View details | |
| dailyhodl.com | 82% | – | #145,527 | View details | |
| financefeeds.com | 81% | 246K | #163,515 | View details | |
| panewslab.com | 81% | 530.6K | #83,486 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for FTX
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Top companies in Cryptocurrencies
10 companies that operate in the same segment as FTX (Cryptocurrencies), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | Boston, Massachusetts, United States | USD 1.51 B | USD 2.75 B | 1,533 | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | 14,747 | |
App-based platform for exchange and trading solutions for cryptocurrency | 2011 | London, England, United Kingdom | USD 700 M | – | 1,212 | |
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, Ile de France, France | USD 575.4 M | – | 802 | |
App-based wallet and exchange platform for cross-border money transfers | 2013 | London, England, United Kingdom | USD 73.36 M | – | – | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | San Francisco, California, United States | USD 546.62 M | USD 7.18 B | 7,025 | |
Cryptocurrencies are traded and exchanged through an online platform. | 2014 | Mexico City, Mexico City, Mexico | USD 331.35 M | – | 884 | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 217 | |
Mobile app for storing and trading cryptocurrencies is utilized. | 2013 | London, England, United Kingdom | USD 13 M | – | – |
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Related news about Ftx
Complete news archive for FTX
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Frequently Asked Questions about FTX
FTX was founded in 2019.
FTX is headquartered in Nassau, Bahamas.
Sam Bankman-Fried is the current CEO of FTX. They have also founded this company.
FTX is a funded company, having raised a total of $1.73B across 6 funding rounds to date. The company's 1st funding round was a Series A of $8M, raised on Aug 2019.
FTX has 62 employees.
FTX was founded in 2019 and is based in Nassau City, Bahamas. Operations focus on the cryptocurrency sector, where digital assets such as Bitcoin, Ethereum, Tether, and Altcoins are bought and sold via encrypted networks. Transfers of various crypto derivatives are enabled, alongside OTC trading options for institutional users. The platform supports secure exchanges across multiple assets.
FTX's top competitors include Blockchain, Gemini and PDAX.
FTX has made 5 acquisitions, including Blockfolio, Liquid, and Quoine.
FTX has 66 investors. Key investors include Circle, Coinbase, SoftBank, Lightspeed Venture Partners, and BlackRock.
The valuation of FTX is $32B as of Feb 2022.
FTX operates through West Realm Shires Services, Inc..
The website of FTX receives about 145 thousand visits a month and ranks #259,141 among all websites worldwide.