FTX US Beats Kraken, Coinbase as America’s Most Liquid Crypto Exchange

Crypto exchange FTX.US has reported strong results for the third quarter of 2021, boasting bullish figures across many key metrics. Read the full article by: Andrew Asmakov

Key Points:

• FTX has had a strong year all around by making partnerships with many professional athletes and teams as well as putting out their own commercials and buying a broker dealer license, acquiring Ledger X, to be able to offer derivatives trading to US residents.

• The affiliate American exchange, FTX.US, reported a Q3 increase in trading of about 512% based on daily average volume. The highest all time trading volume for the exchange topped out at $807 million on September 7th.

• These most recent numbers puts FTX.US in the number 4 spot for largest crypto exchanges in the US based on volume. The leaders in the country are Coinbase, Kraken, and Binance.US. Sam Bankman-Fried, who is also number 1 on the Forbes crypto rich list and also a member of the 30 under 30 club, is well on his way to making FTX the most versatile and well known crypto exchanges in the world.

• Where they are beating out all of those exchanges; however, is in terms of liquidity. This means that they are one of the easiest and quickest exchanges in crypto to swap assets into cash. The higher the liquidity of an exchange the lower the risk of not being able to match a trade at its quoted price.

• “The trust and support of our user base has allowed FTX.US to become the fastest growing and most in-demand crypto exchange in the U.S., but we have barely scratched the surface,” Brett Harrison, President of FTX.US, said in a statement.