FTX - About the company
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 1985 active competitors, including 192 funded and 67 that have exited. Its top competitors include companies like Binance, Blockchain and Uphold.
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
Post Money Valuation
$32B as on Feb 01, 2022
Ranked
6th among 1985 active competitors
Employee Count
37 as on Mar 31, 2026
Legal entities associated with FTX
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) | - |
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FTX's funding and investors
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
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 31, 2022 | $400M | Series C | - | - | ||
Oct 21, 2021 | $421M | Series B | $25B | - | - | |
Jul 20, 2021 | $900M | Series B | $18B | - |
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FTX's founders and board of directors
Founder? Claim ProfileThe 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 37 employees as of Mar 26. Here is FTX's employee count trend over the years:
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FTX's Competitors and alternates
Top competitors of FTX include Binance, Blockchain and Uphold. Here is the list of Top 10 competitors of FTX, ranked by Tracxn score:
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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 | 86/100 | |
2nd | Blockchain 2011, London (United Kingdom), Acquired | App-based platform for exchange and trading solutions for cryptocurrency | $700M | 85/100 | |
3rd | Uphold 2013, London (United Kingdom), Series B | App-based wallet and exchange platform for cross-border money transfers | $73.4M | 82/100 | |
4th |  Uniswap 2018, New York City (United States), Series B | Provider of a decentralized exchange platform for cryptocurrency | $176M | 80/100 | |
5th |  Gemini 2014, New York City (United States), Public | Platform offering crypto exchange solutions | $424M | 79/100 | |
6th | Online platform for trading in cryptocurrency | $1.73B | 77/100 | ||
7th | PDAX 2017, Makati (Philippines), Series B | Online exchange platform for cryptocurrencies | $62.5M | 77/100 | |
8th | Cryptocurrency exchange and trading service provider | $247M | 76/100 | ||
9th |  CoinSwitch 2017, Bengaluru (India), Series C | Broker-based online crypto trading and exchange platform | $302M | 75/100 | |
10th | Bitstamp 2011, London (United Kingdom), Acquired | App-based platform for cryptocurrency exchange | $11.4M | 75/100 |
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FTX's Investments and acquisitions
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
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Nov 14, 2022 | Investments | 2018 | Singapore (Singapore) | |
Nov 04, 2022 | Investments | 2014 | Venice (United States) | |
Oct 27, 2022 | Investments | 2022 | Manhattan (United States) |
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Reports related to FTX
Here is the latest report on FTX's sector:
News related to FTX
Filter this listMedia has covered FTX for a total of 20 events in the last 1 year, 8 of them have been about company updates.
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FTX Announces Next Distribution Date and Reduces Disputed Claims Reserve by $2.2 BillionPR Newswire•Jan 14, 2026•FTX
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SBF's cohorts at FTX take SEC hit; Ellison banned from company roles for decadeCoinDesk•Dec 19, 2025•FTX
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FTX Trust seeks to claw back $1B from Genesis DigitalCryptocurrency•Sep 24, 2025•Genesis Digital, FTX, Genesis Digital Assets
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Crypto Derivatives Platform Perpetuals.com Raising at €250M ValuationTrending Topics•Sep 10, 2025•Digital Asset, Perpetual Asset Management, FTX, Herschel Supply
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Crypto platform SwissBorg loses $41m in SolanaTech in Asia•Sep 09, 2025•SwissBorg, Google, Ledger, Backpack Exchange and 3 others
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