Share this article
Binance Invests Undisclosed Sum in Crypto Derivatives Platform FTX
Crypto exchange Binance has invested in derivatives platform FTX as part of a strategic partnership between the firms.
Updated Sep 13, 2021, 11:51 a.m. Published Dec 20, 2019, 3:20 a.m.
Crypto exchange colossus Binance has invested an undisclosed amount of money in derivatives platform FTX as part of a strategic partnership between the two firms.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
As part of the deal announced Thursday, Binance has purchased equity in the derivatives firm and purchased long positions in the FTX Token, FTT, the platform’s native coin.
“The investment will help accelerate the growth of FTX with support and strategic advisory from Binance while FTX maintains its independent operations,” FTX founder and CEO Sam Bankman-Fried said.
In return, FTX will help develop Binance’s products, particularly its flagship exchange, Binance.com, and over-the-counter (OTC) trading desk. FTX also announced its intention to build out a suite of products complementary to tokenized ecosystems, a project Malta-based Binance will assist.
Founded in the spring of 2019, FTX was an incubation project for Alameda Research, a digital asset research firm. FTX offers OTC, futures, indexes and spot trading and operates out of the Caribbean islands of Antigua and Barbuda. The exchange processes nearly a half-billion dollars of trade volume per day, according to a release from Binance.
“The FTX team has built an innovative crypto trading platform with stunning growth,” Binance CEO Changpeng “CZ” Zhao said in a statement. “We see quite a bit of ourselves in the FTX team and believe in their potential in becoming a major player in the crypto derivatives markets.”
The investment follows Binance’s September acquisition of JEX, a Seychelles-based spot and derivatives platform. The acquisition helped the exchange add options and futures to its trading platform.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin Faces Japan Rate Hike: Debunking The Yen Carry Trade Unwind Alarms, Real Risk Elsewhere
Speculators maintain net bullish positions in the yen, limiting scope for sudden JPY strength and mass carry unwind.
What to know:
- Impending BOJ rate hike largely priced in; Japanese bond yields near multi-decade highs.
- Speculators maintain net bullish positions in the yen, limiting scope for sudden yen strength.
- BOJ tightening may contribute to sustained upward pressure on global yields, impacting risk sentiment.
Top Stories
