FTX: Company Overview (About)
At a glance:
Launch date | May 2019 |
Based in: | Nassau, New Providence , The Bahamas |
Founders: | Sam Bankman-Fried (CEO, co-founder), Gary Wang (co-founder) |
Business type | Private, funded |
Industry | Cryptocurrency, Finance |
Acquisition | 8 November, 2022 |
Acquirer | Binance |
Valuation | $32 billion (January 2022) |
Number of employees | 300+ |
How many employees work at FTX?
As per LinkedIn, the number of employees of FTX is: 655 employees. This includes all collaborators, part-time workers, contractors, etc.
Here's a full breakdown of FTX employees across years:
Date | Number of employees |
May 2019 | 2 |
January 2020 | 15 |
August 2020 | 52 |
January 2021 | 72 |
August 2021 | 110 |
January 2022 | 200 |
November 2022 | 300 (est.) |
Source: FTX Blog 1, FTX Blog 2, Twitter
FTX Demographics by Age
Here’s a full breakdown:
- 20.07% of FTX active users accounts are people aged 18-24
- 36.16% of FTX active users accounts are people aged 25-34
- 20.32% of FTX active users accounts are people aged 35-44
- 11.95% of FTX active users accounts are people aged 45-54
- 7.23% of FTX active users accounts are people aged 55-64
- 4.07% of FTX active users accounts are people aged 65+
Source: SimilarWeb
FTX Valuation
Date | Valuation |
February 2020 | $1 billion |
July 2021 | $18 billion |
October 2021 | $25 billion |
January 2022 | $32 billion |
Sources: The Information, Bloomberg, CNBC, FTX Blog, Finance Magnates
FTX Fundraising
Funding Date | Amount Raised | Valuation |
August 2019 | $8 million | |
February 2020 | $15 million | $1 billion |
July 2021, Series B | $1 billion | $18 billion |
October 2021, Series B | $420.7 million | $25 billion |
January 2022, Series C | $400 million | $32 billion |
Sources: Crunchbase, The Information, Bloomberg, CNBC, FTX Blog, Finance Magnates