The crash and burn of FTX: What lessons does it teach us?
Crypto was having a tumultuous season, but seeing household name FTX fall still came as a surprise to many. The much-discussed cryptocurrency platform was launched in 2019. By 2021, they reported revenues of US$1.02 billion, a figure evidence of their exponential growth from US$85 million the previous year. That soaring increase meant an exchange volume of US$719 billion by their 1.2 million users last year. FTX became a huge and worthy competitor for market leader Binance.
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