FTX US

FTX US was launched in 2020 as the American affiliate of the global cryptocurrency exchange FTX. Positioned as a separate, regulated entity to comply with U.S. laws, it was founded by Sam Bankman-Fried and Gary Wang. The platform aimed to provide U.S. residents with a secure and compliant venue for trading digital assets, including cryptocurrencies and NFTs. It later expanded its offerings to include stock trading through its "FTX Stocks" service. The company's operations came to an abrupt halt in November 2022 when it, along with its parent company and over 100 affiliated entities, filed for Chapter 11 bankruptcy amidst a liquidity crisis and allegations of customer fund mismanagement.