When was FTX founded?

FTX was founded in 2019 and raised its 1st funding round within a year of its incorporation.

Where is FTX located?

FTX is headquartered in Nassau City, Bahamas. It is registered at 2000 Center St 4th Fl Berkeley CA 94704.

Who is the current CEO of FTX?

Sam Bankman-Fried and John Ray III s of FTX. Sam Bankman-Fried has also founded 1 company and is angel investors in 3 startups.

How many employees does FTX have?

As of Sep 15, 2025, the latest employee count at FTX is 619.

Is FTX a funded 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 $8M Series A round, raised on Aug 06, 2019.

How much is FTX worth?

The latest valuation of FTX is $32B as of Feb 01, 2022.

When was the latest funding round of FTX?

FTX's latest funding was a $400M Series C round on Jan 31, 2022, with participation from 12 investors.

Is FTX a Cryptocurrencies company?

The primary sector of FTX is Cryptocurrencies.

Where does FTX rank among its competitors?

FTX ranks 7th amongst 2056 active competitors, of which 195 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Uphold, which secured an undisclosed amount in Apr, 2026.

Who are the top competitors of FTX?

FTX's top competitors include Binance, Kraken and Blockchain. Among them, Uphold secured the most recent funding round in April, 2026.

FTX - 2026 Company Profile, Team, Funding & Competitors

FTX is a series C company based in Nassau City (Bahamas), founded in 2019 by Sam Bankman-Fried and Gary Wang. It operates as an Online platform for trading in cryptocurrency. FTX has raised $1.73B in funding from investors like SoftBank, Temasek and Paradigm, with a current valuation of $32B. The company has 2056 active competitors, including 195 funded and 70 that have exited. Its top competitors include companies like Binance, Kraken and Blockchain.

Sectors and market segments that FTX operate in

FTX serves in the FinTech, Blockchain Technology market segments.The primary business model of FTX are:

Company Details

Online platform for trading in cryptocurrency. It allows users to purchase and sell digital assets through encrypted networks. It supports the transfer of multiple crypto derivatives including Ethereum, Altcoin, Bitcoin, Tether, and more. It also provides OTC trading solutions to users.

Website: claims.ftx.com/
Social
Registered Address: 2000 Center St 4th Fl Berkeley CA 94704

Key Metrics

Founded Year

2019

Location

Nassau City, Bahamas

Stage

Series C

Total Funding

$1.73B in 6 rounds

Latest Funding Round

Series C, Jan 31, 2022, $400M

Post Money Valuation

$32B as on Feb 01, 2022

Investors

SoftBank & 71 more

Ranked

7^th among 2056 active competitors

Employee Count

619 as on Sep 15, 2025

Investment & Acquisitions

Joepegs & 63 more

Similar Companies

Binance & 4545 more

View FTX's full profile

FTX is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
West Realm Shires Services, Inc. CIN: 84-4554002 , United States, Active	Jan 28, 2020	-	41 (As on Dec 31, 2021)	-

FTX has raised a total funding of $1.73B over 6 rounds. Its first funding round was on Aug 06, 2019. Its latest funding round was a Series C round on Jan 31, 2022 for $400M. 12 investors participated in its latest round. FTX has 69 institutional investors and 3 angel investors.

Here is the list of recent funding rounds of FTX:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 31, 2022	$400M	Series C	-	-	Paradigm, Temasek, Multicoin Capital, SoftBank	Lightspeed Venture Partners, Tiger Global Management, Insight Partners, Ontario Teachers' Pension Plan, New Enterprise Associates, IVP, Steadview, SoftBank Vision Fund
Oct 21, 2021	$421M	Series B	$25B	-	-	Temasek, Sequoia Capital, The SEA Capital, Ribbit Capital, Tiger Global Management, BlackRock, Lightspeed Venture Partners, Ontario Teachers' Pension Plan, IVP, Sea Capital, Iconiq Capital
Jul 20, 2021	$900M	Series B	$18B	-	Temasek, Paradigm, Sequoia Capital, Thoma Bravo, Ribbit Capital, Insight Partners, Lightspeed Venture Partners, Third Point, SoftBank, Altimeter Capital, Coinbase, New Enterprise Associates, Multicoin Capital, Senator Investment Group, Standard Industries, HRT, Circle, VanEck	Izzy Englander, Bond Capital, Ryze Labs

Access funding benchmarks and valuations. Sign up today!

View details of FTX's funding rounds and investors

The founders of FTX are Sam Bankman-Fried and Gary Wang. Sam Bankman-Fried and John Ray III are the CEOs of FTX.

Here are the details of FTX's key team members:

Sam Bankman-Fried: Co-Founder & Co-CEO of FTX. They are also an angel investor in 3 startups.
Gary Wang: Co-Founder & CTO of FTX.
John Ray III: Co-CEO of FTX.

View details of FTX's Founder profiles and Board Members

FTX's employee count trend

FTX has 619 employees as of Sep 25. Here is FTX's employee count trend over the years:

Uncover FTX's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of FTX include Binance, Kraken and Blockchain. Here is the list of Top 10 competitors of FTX, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Binance 2017, Abu Dhabi (United Arab Emirates), Series C	Online exchange platform for cryptocurrency	$2.02B	Sequoia Capital, Fancheng Holdings & 42 others	86/100
2nd	Kraken 2011, Cheyenne (United States), Series D	Provider of a multi-asset trading platform	$866M	RIT Capital Partners, Hummingbird Ventures ... & 123 others	86/100
3rd	Blockchain 2011, London (United Kingdom), Series E	App-based platform for exchange and trading solutions for cryptocurrency	$700M	Lightspeed Venture Partners, Kingsway Capital ... & 28 others	82/100
4th	Uphold 2013, San Francisco (United States), Series B	Digital assets trading platform offering trading services for cryptocurrencies, stablecoins, and precious metals	$73.2M	Hard Yaka, Blockchain Coinvestors & 7 others	82/100
5th	Uniswap 2018, New York City (United States), Series B	Provider of a decentralized exchange platform for cryptocurrency	$176M	Andreessen Horowitz, Polychain & 50 others	79/100
6th	Gemini 2014, New York City (United States), Public	Platform offering crypto exchange solutions	$424M	Morgan Creek Capital Management, Winklevoss Capital ... & 28 others	79/100
7th	FTX 2019, Nassau City (Bahamas), Series C	Online platform for trading in cryptocurrency	$1.73B	Steadview, Sequoia Capital & 70 others	78/100
8th	PDAX 2017, Makati (Philippines), Series B	Online exchange platform for cryptocurrencies	$62.5M	Tiger Global Management, BitMEX & 13 others	77/100
9th	CoinSwitch 2017, Bengaluru (India), Series C	Broker-based online crypto trading and exchange platform	$302M	Tiger Global Management, Ribbit Capital & 13 others	76/100
10th	CoinDCX 2018, Mumbai (India), Series D	Cryptocurrency exchange and trading service provider	$247M	Polychain, Bain Capital Ventures & 31 others	75/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on FTX's competitors? Click here to see the top ones

FTX has made 60 investments in companies including Joepegs and Lens. FTX has also acquired 4 companies including BlockFi and Storybook Brawl.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Nov 14, 2022	Investments	Joepegs	2018	Singapore (Singapore)
Nov 04, 2022	Investments	Lens	2014	Venice (United States)
Oct 27, 2022	Investments	Martian	2022	Manhattan (United States)