Friday, 24 March, 2023

Documents leaked reveal that FTX's revenue skyrocketed by 1,000% in a year

<p>The revenue of FTX, a cryptocurrency exchange founded by Sam Bankman-Fried, increased by more than 1,000% in 2021. &nbsp;Revenue soared from $89M in 2020 to $1.02B in 2021, while net income increased during the same period from $17M to $388M. About $270M in revenue was produced by FTX in the first quarter of 2022. In an effort to attract clients, FTX has adopted an aggressive marketing approach.</p>