FTX Revenue Exploded 1,000% to Beyond $1B Last Year

Crypto exchange FTX saw revenue surge 1,000% to more than $1 billion throughout last year’s bull run, according to leaked financial documents reported by CNBC. FTX’s overall revenue reportedly jumped from $89 million to $1.02 billion in 2021, with the company adding $321 million in profits. Roughly $272 million in operating income for 2021 was contributed to the firm’s balance sheet, up from $14 million for the year prior, according to the report.