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FTX US Says Daily Trading Volume Jumped 500% Last Quarter

  • Crypto exchange saw U.S. market share increase to about 4.5%
  • More than 60% of the volume on FTX US comes from institutions
crypto exchange prices
Photographer: Paul Yeung/Bloomberg

Crypto exchange FTX US released third-quarter operational and trading results that showed the privately-held firm gaining market share in the competitive world of digital-asset exchanges. 

The company -- the U.S. arm of crypto exchange FTX -- said it held roughly 4.5% of U.S. crypto spot-market volume at the end of the quarter, up from 2% at the start of that period, according to a press release. Average daily volume grew more than 500% during the stretch, with peak 24-hour volume of around $807 million seen at the start of September. User count grew by more than 50%, and headcount increased by 30%.