SBF reveals that FTX revenue grew 1,000% in 2021 amid booming crypto market
Mon, Aug 22, 2022 12:55 PM

SBF reveals that FTX revenue grew 1,000% in 2021 amid booming crypto market

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Sam Bankman-Fried, the chief executive officer of FTX, has revealed that FTX's revenue increased by 1,000% in 2021 as a result of a flourishing crypto market and a number of acquisitions. According to CNBC, privately held FTX's revenues increased from US$89M in 2020 to US$1.02B in 2021. Additionally, FTX saw an increase in operating income last year, going from US$14M in 2022 to US$272M in 2021.

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