Difference between revisions of "FTX US"

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FTX.US, a [[cryptocurrency trading platform]], is a subsidiary of [[FTX]], a Hong Kong cryptocurrency derivatives platform registered in Antigua.   
FTX US, a [[cryptocurrency trading platform]], is the U.S.-based subsidiary of [[FTX]], a Hong Kong cryptocurrency derivatives platform registered in Antigua.   


The company established West Realm Shires to do business as FTX.US. West Realm Shires is a money services business registrant with [[FinCEN]].<ref>{{cite web|url=https://www.fincen.gov/msb-registrant-search|name=MSB Registrant Search|org=FinCEN|date=April 28, 2020}}</ref>  
The company established West Realm Shires to do business as FTX.US. West Realm Shires is a money services business registrant with [[FinCEN]].<ref>{{cite web|url=https://www.fincen.gov/msb-registrant-search|name=MSB Registrant Search|org=FinCEN|date=April 28, 2020}}</ref>  
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Trading launched on the platform on May 22, 2020. FTX and FTX.US CEO [[Sam Bankman-Fried]] told The Block Crypto, “I think U.S. crypto customers have been under-served for a while, and I'm excited to try to push the industry forward.”<ref>{{cite web|url=https://www.theblockcrypto.com/post/66157/ftx-us-goes-live-ceo-says-the-crypto-exchange-has-tons-of-liquidity-to-offer|name=FTX.US goes live, CEO says the crypto exchange has 'tons of liquidity' to offer|org=The Block Crypto|date=May 22, 2020}}</ref>  
Trading launched on the platform on May 22, 2020. FTX and FTX.US CEO [[Sam Bankman-Fried]] told The Block Crypto, “I think U.S. crypto customers have been under-served for a while, and I'm excited to try to push the industry forward.”<ref>{{cite web|url=https://www.theblockcrypto.com/post/66157/ftx-us-goes-live-ceo-says-the-crypto-exchange-has-tons-of-liquidity-to-offer|name=FTX.US goes live, CEO says the crypto exchange has 'tons of liquidity' to offer|org=The Block Crypto|date=May 22, 2020}}</ref>  
        
        
FTX.US offers trading pairs based on [[bitcoin]], [[Litecoin]], [[Ether]], [[Bitcoin Cash]], [[Paxos]] Gold and U.S. dollar [[Tether]]. According to the FTX.US website, the platform offers 10% margins on its spot trades. Despite having separate order books from its parent, FTX.US claims, "We have a history of providing market-leading liquidity--from some of the industry's top market makers to the most liquid futures order books. Because of this FTX.US has had industry-leading order-books from day one."<ref>{{cite web|url=https://help.ftx.us/hc/en-us/articles/360043578413-About-FTX-US|name=About FTX.US|org=FTX.US|date=May 3, 2020}}</ref>
FTX US offers trading pairs based on [[bitcoin]], [[Litecoin]], [[Ether]], [[Bitcoin Cash]], [[Paxos]] Gold and U.S. dollar [[Tether]]. According to the FTX.US website, the platform offers 10% margins on its spot trades. Despite having separate order books from its parent, FTX.US claims, "We have a history of providing market-leading liquidity--from some of the industry's top market makers to the most liquid futures order books. Because of this FTX.US has had industry-leading order-books from day one."<ref>{{cite web|url=https://help.ftx.us/hc/en-us/articles/360043578413-About-FTX-US|name=About FTX.US|org=FTX.US|date=May 3, 2020}}</ref>


In discussing its recent Series B fund raise that brought in $900 million, on July 22, 2021 FTX's American CEO, Bankman-Fried, told CoinDesk TV's audience, "When you look at FTX.US, there's an enormous amount of potential growth in the states."<ref>{{cite web|url=https://www.coindesk.com/ftx-ceo-sam-bankman-fried-us-next-big-target-market|name=FTX CEO Says US Is Next Big Target Market|org=CoinDesk|date=July 23, 2021}}</ref>
In discussing its recent Series B fund raise that brought in $900 million, on July 22, 2021 FTX's American CEO, Bankman-Fried, told CoinDesk TV's audience, "When you look at FTX.US, there's an enormous amount of potential growth in the states."<ref>{{cite web|url=https://www.coindesk.com/ftx-ceo-sam-bankman-fried-us-next-big-target-market|name=FTX CEO Says US Is Next Big Target Market|org=CoinDesk|date=July 23, 2021}}</ref>


In August 2021 FTX.US agreed to acquire LedgerX for an undisclosed sum. The move should enable FTX.US to expand its product offerings to futures and options trading in the U.S. <ref>{{cite web|url=https://www.bloomberg.com/news/articles/2021-08-31/ftx-acquires-the-first-u-s-approved-crypto-derivatives-platform?sref=wgRWWeJL|name=FTX Acquires the First U.S.-Approved Crypto Derivatives Platform|org=Bloomberg|date=September 1, 2021}}</ref>
In August 2021 FTX.US agreed to acquire LedgerX for an undisclosed sum. The move should enable FTX.US to expand its product offerings to futures and options trading in the U.S. <ref>{{cite web|url=https://www.bloomberg.com/news/articles/2021-08-31/ftx-acquires-the-first-u-s-approved-crypto-derivatives-platform?sref=wgRWWeJL|name=FTX Acquires the First U.S.-Approved Crypto Derivatives Platform|org=Bloomberg|date=September 1, 2021}}</ref>
In April 2022 FTX US agreed to take a stake in [[IEX Group Inc.]], the owner of the stock exchange made famous by the book “Flash Boys.” The companies said they plan to collaborate on building a market structure for trading crypto securities and work closely with regulators. The deal is set to close in May 2022.<ref>{{cite web|url=https://www.bloomberg.com/news/articles/2022-04-05/ftx-us-invests-in-flash-boys-exchange-in-crypto-trading-push?srnd=premium-europe&sref=wgRWWeJL|name=FTX US Invests in ‘Flash Boys’ Exchange in Crypto-Trading Push|org=Bloomberg|date=April 5, 2022}}</ref>
On May 11, 2022 FTX US revealed its application for a trust charter from the New York State Department of Financial Services for the FTX Trust Company by appointing Marissa MacDonald as chief compliance officer for the FTX Trust Company. MacDonald previously held an equivalent position at Fidelity Digital Assets.<ref>{{cite web|url=https://www.coindesk.com/business/2022/05/11/ftx-us-reveals-new-york-trust-charter-application/|name=FTS US Reveals New York Trust Charter Application|org=Coindesk|date=May 11, 2022}}</ref> <ref>{{cite web|url=https://www.prnewswire.com/news-releases/ftx-us-appoints-marissa-macdonald-as-chief-compliance-officer-of-ftx-trust-301544747.html|name=FTX US Appoints Marissa MacDonald as Chief Compliance Officer of FTX Trust|org=FTX US|date=May 11, 2022}}</ref>


== People ==  
== People ==  
* [[Sam Bankman-Fried]], Founder and CEO
* [[Brett Harrison]], President
* [[Brett Harrison]], President



Latest revision as of 17:55, 11 May 2022


FTSE Russell banner 2016.gif
FTSE Russell banner 2016.gif


FTX
FTX US.jpeg
Founded 2020
Headquarters San Francisco, California
Key People Sam Bankman-Fried, Founder and CEO; Gary Want, CTO and Founder; Dan Friedberg, CCO
Products Cryptocurrency trading platform
Twitter @FTX_US
Website FTX.US Exchange Home

FTX US, a cryptocurrency trading platform, is the U.S.-based subsidiary of FTX, a Hong Kong cryptocurrency derivatives platform registered in Antigua.

The company established West Realm Shires to do business as FTX.US. West Realm Shires is a money services business registrant with FinCEN.[1]

Trading launched on the platform on May 22, 2020. FTX and FTX.US CEO Sam Bankman-Fried told The Block Crypto, “I think U.S. crypto customers have been under-served for a while, and I'm excited to try to push the industry forward.”[2]

FTX US offers trading pairs based on bitcoin, Litecoin, Ether, Bitcoin Cash, Paxos Gold and U.S. dollar Tether. According to the FTX.US website, the platform offers 10% margins on its spot trades. Despite having separate order books from its parent, FTX.US claims, "We have a history of providing market-leading liquidity--from some of the industry's top market makers to the most liquid futures order books. Because of this FTX.US has had industry-leading order-books from day one."[3]

In discussing its recent Series B fund raise that brought in $900 million, on July 22, 2021 FTX's American CEO, Bankman-Fried, told CoinDesk TV's audience, "When you look at FTX.US, there's an enormous amount of potential growth in the states."[4]

In August 2021 FTX.US agreed to acquire LedgerX for an undisclosed sum. The move should enable FTX.US to expand its product offerings to futures and options trading in the U.S. [5]

In April 2022 FTX US agreed to take a stake in IEX Group Inc., the owner of the stock exchange made famous by the book “Flash Boys.” The companies said they plan to collaborate on building a market structure for trading crypto securities and work closely with regulators. The deal is set to close in May 2022.[6]

On May 11, 2022 FTX US revealed its application for a trust charter from the New York State Department of Financial Services for the FTX Trust Company by appointing Marissa MacDonald as chief compliance officer for the FTX Trust Company. MacDonald previously held an equivalent position at Fidelity Digital Assets.[7] [8]

People[edit]

References[edit]