FTX US Trading Volumes Soared 512% During Q3

FTX US Trading Volumes Soared 512% During Q3
FTX.US’s average daily volumes skyrocketed 512% in its third quarter versus the second quarter and hit a peak of $807 million during a 24-hour period on Sept. 7, the crypto derivatives exchange said Thursday. FTX.US recorded an average daily volume of $360 million for the quarter, the company said in a press release.The company said its platform user count rose 52% in the quarter versus Q2. The exchange added that it held about 4.5% of the U.S. crypto spot market volume at the end of the third quarter, up from about 2% at beginning the quarter.On the closing of its…