Work Here?
About FTX
Industries
Fintech
Crypto & Web3
Company Size
501-1,000
Company Stage
Series C
Total Funding
$1.8B
Headquarters
Nassau, Bahamas
Founded
2019
Overview
FTX operates as a cryptocurrency derivatives exchange that aims to solve prevalent issues in the market, such as clawbacks and ineffective liquidation systems. It caters to both retail and institutional clients by providing a trading platform that addresses the inefficiencies found in other exchanges. Users can engage in margin trading and other financial services, with the company generating revenue primarily through transaction fees. FTX distinguishes itself from competitors by focusing on education and actively collaborating with other players in the cryptocurrency ecosystem to promote growth and understanding in the space.
Simplify's Take
What believers are saying
- FTX can capitalize on the growing demand for DeFi derivatives products.
- FTX has opportunities in developing NFT-based financial products.
- Increasing regulatory clarity provides a stable environment for FTX's expansion.
What critics are saying
- Three Arrows Capital's $1.5 billion claim poses financial and reputational risks.
- FTX's bankruptcy proceedings may divert focus from core operations.
- Sam Bankman-Fried's public re-emergence could harm FTX's brand image.
What makes FTX unique
- FTX addresses common market issues like clawbacks and broken liquidation systems.
- FTX serves both retail and institutional clients with a robust trading platform.
- FTX collaborates with ecosystem players to advance the cryptocurrency space.
Help us improve and share your feedback! Did you find this helpful?
Funding
Total Funding
$1828.7M
Above
Industry Average
Funded Over
3 Rounds
Tiger Global
Insight Partners
Lightspeed Venture Partners
SoftBank
New Enterprise Associates
Greylock PartnersIndustry standards
Benefits
18 Privilege Leaves and 9 Public Holidays Leaves Per Year
Flexible Working Hours
Friendly and Progressive Atmosphere
Competitive Salaries
Frequent Outings and Company Parties
Employee Referral Program
Company News
According to Bottjer, Three Arrows Capital claimed it only recently discovered evidence that FTX liquidated $1.53B of its assets just two weeks before 3AC itself went into liquidation, much more than the $120M originally claimed.
Sam Bankman-Fried interviewed Tucker Carlson from prison. The former FTX CEO still thinks declaring bankruptcy was a bad decision, and the exchange would have $93 billion in assets from his investments. Bankman-Fried’s answers showed that many of his beliefs have remained the same since 2022, but it’s important to remember his biases. Sam Bankman-Fried’s First Video Interview From Prison. Sam Bankman-Fried, the infamous FTX co-founder, is reappearing in the media despite his 25-year incarceration. Last month, he conducted his first interview from prison, angling for a pardon from President Trump
Customers in Initial Distributions Expected to Receive Funds within 1-3 Business DaysNext Distribution Record Date Set for April 11, 2025 with Distribution on May 30, 2025WILMINGTON, Del., Feb. 18, 2025 /PRNewswire/ -- FTX Trading Ltd. (d/b/a. FTX.com) and the FTX Recovery Trust (collectively "FTX") today announced that FTX has commenced the initial distributions of recoveries to holders of allowed claims in FTX's Convenience Classes (the "Initial Distribution"), as defined in FTX's Chapter 11 Plan of Reorganization (the "Plan"). Customers should expect to receive funds within 1 to 3 business days.FTX also announced the anticipated record date for the next distribution (the "Next Distribution") will be April 11, 2025 for holders of allowed claims of FTX's Class 5 Customer Entitlement Claims and Class 6 General Unsecured Claims as defined in the Plan, as well as Convenience Claims that have become allowed since the initial record date and have not received their distribution. The Next Distribution is expected to commence on May 30, 2025.John J
Customers Expected to Receive Funds within 1-3 Business DaysBitGo and Kraken Receive Funding to Assist in Distributing RecoveriesWILMINGTON, Del., Feb. 7, 2025 /PRNewswire/ -- FTX Trading Ltd. (d/b/a. FTX.com) and the FTX Recovery Trust (collectively "FTX") today announced that, consistent with FTX's Chapter 11 Plan of Reorganization (the "Plan"), FTX will commence initial distributions to holders of allowed claims in the Plan's Convenience Classes on February 18, 2025 (the "Initial Distribution"). The Initial Distribution is limited to holders of allowed claims in the Plan's Convenience Classes that have completed the pre-distribution requirements. Eligible creditors should expect to receive their distributions within 1 to 3 business days from February 18, 2025
Parties Agree to Work Together to Maximize Recoveries for FTX StakeholdersWILMINGTON, Del., Jan. 31, 2025 /PRNewswire/ -- FTX Trading Ltd. (d/b/a. FTX.com) and the FTX Recovery Trust (collectively "FTX") today announced that they have reached a settlement with venture capital firm K5 Global ("K5"), resolving the June 2024 lawsuit brought by FTX."Today's settlement reflects another mutually beneficial solution to the broader issues raised during the collapse of the FTX group," said John. J. Ray III, Chief Executive Officer of the FTX Recovery Trust
There are no jobs for FTX right now.
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to FTX
About FTX
Industries
Fintech
Crypto & Web3
Company Size
501-1,000
Company Stage
Series C
Total Funding
$1.8B
Headquarters
Nassau, Bahamas
Founded
2019
There are no jobs for FTX right now.
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to FTX