FTX US Trading Volumes Hiked by 512% During Q3

The crypto derivatives exchange hit a peak total trading volume of $807 million during a 24-hour period in early September.

  • FTX.US’s common each day volumes skyrocketed 512% in its 1/3 quarter versus the 2d quarter and hit a height of $807 million at some point of a 24-hour length on Sept. 7, the crypto derivatives exchange stated Thursday.
  • FTX.US recorded a common daily quantity of $360 million for the quarter, the business enterprise said in a press release.

The corporation stated its platform consumer matter rose 52% in the quarter versus Q2.

The alternative introduced that it held about 4.5% of the U.S. crypto spot market volume at the end of the 0.33 quarter, up from about 2% at commencing the quarter.

On the closing of its LedgerX acquisition, FTX.US said the deal would allow the organization to “provide licensed crypto futures and picks to our retail and institutional customers, and has positioned us in the unique function to reshape the U.S. derivatives market.”

FTX.US additionally plans to be in “constant conversation with regulatory agencies and are hoping to play a central function in defining crypto regulatory coverage in the U.S.,” FTX.US President Brett Harrison stated in the statement.

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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