{"id":365635,"date":"2021-11-11T20:15:00","date_gmt":"2021-11-11T17:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ftx-us-sees-daily-volume-users-surge-in-q3\/"},"modified":"2021-11-11T20:15:00","modified_gmt":"2021-11-11T17:15:00","slug":"ftx-us-sees-daily-volume-users-surge-in-q3","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ftx-us-sees-daily-volume-users-surge-in-q3\/","title":{"rendered":"# FTX US sees daily volume, users surge in Q3"},"content":{"rendered":"

“# FTX US sees daily volume, users surge in Q3 <\/strong>”
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United States crypto exchange FTX US registered a large uptick in trading volumes and investor activity during the third quarter, underscoring heightened retail app<\/a>etite for digital assets amid the volat bull market.\u00a0<\/p>\n

FTX US saw average daily volume grow 512% for the quarter ending in September, with peak volumes hitting $807 million on Sept. 7, owner West Realm Shire Services said Thursday. The exchange\u2019s userbase also increased by 52% during the third quarter. <\/p>\n

By the end of September, FTX US claimed to hold 4.5% of the United States crypto spot market in terms of volume, up from less than 2% at the start of July. <\/p>\n

The third quarter was a momentous period for the cryptocurrency market, with assets like Bitcoin (BTC) and Ether (ETH) slowly reasserting their bullish narrative, eventually leading to a record-breaking month of October. In the case of Bitcoin, the market appears to have reached a definitive bottom on July 19 before the recovery ensued. <\/p>\n

Related: <\/em><\/strong>Report: Driven by DeFi, North America\u2019s crypto volume increased 1,000% year-over-year<\/em><\/strong><\/p>\n

The global FTX cryptocurrency exchange founded by billionaire Sam Bankman-Fried smashed crypto funding records in the third quarter, raising $900 million from private investors. The capital raise put FTX in rare company as a crypto exchange decacorn, which refers to startups worth $10 billion or more. Then, in October, FTX collected another $420 million from 69 investors, bringing its total valuation to $25 billion. <\/p>\n

In terms of more recent news<\/a>, FTX US finalized<\/a> its acquisition of crypto options exchange LedgerX on Oct. 25, a move that was intended to expand regulated crypto market access to U.S. investors. FTX US also launched a nonfungible token marketplace in September and expanded its functionality the following month by announcing support for the Solana blockchain. <\/p>\n