# FTX

**Source:** https://www.startuphub.ai/startups/ftx
**Profile type:** Startup

> A cryptocurrency exchange that collapsed due to fraud and filed for Chapter 11 bankruptcy.

## About

FTX was a cryptocurrency exchange founded in 2019 by Sam Bankman-Fried and Gary Wang. It offered a wide range of derivatives and spot trading products. The company collapsed in November 2022 due to massive fraud, leading to Chapter 11 bankruptcy proceedings.

## Key facts

- **Slug:** ftx
- **Website:** https://ftx.com/
- **Location:** Nassau, The Bahamas
- **Founded:** 2019
- **Operating status:** Active
- **Sectors / tags:** Crypto Exchange, Fintech, Web3, DeFi, Blockchain

## Frequently asked

### What does FTX do?

FTX was a cryptocurrency exchange founded in 2019 by Sam Bankman-Fried and Gary Wang. It offered a wide range of derivatives and spot trading products. The company collapsed in November 2022 due to massive fraud, leading to Chapter 11 bankruptcy proceedings.

### What is FTX's revenue?

StartupHub estimates FTX's annual revenue at $2.4B (range $1.4B to $3.7B, 42% confidence), based on comparable companies in the sector.

### What is FTX's valuation?

StartupHub estimates FTX's effective valuation at $24.7B (range $17.3B to $32.1B, 41% confidence), based on comparable companies in the sector.

### Where is FTX headquartered?

FTX is headquartered in Nassau, The Bahamas.

### When was FTX founded?

FTX was founded in 2019.

### What industry does FTX operate in?

FTX operates in Crypto Exchange, Fintech, Web3, DeFi, Blockchain.

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