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How FTX achieved a $3.5 billion valuation in 1.5 years by pursuing 'low-hanging fruit'

Quick Take

  • Crypto exchange FTX, launched last year, is already a unicorn.
  • The Hong Kong-based exchange is now valued at $3.5 billion, according to CEO Sam Bankman-Fried.
  • Here’s how it happened, according to Bankman-Fried.
FTX is now valued at $3.5 billion, CEO Sam Bankman-Fried, who made it to the Forbes 30 Under 30 list for 2021, told The Block in an interview. 

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