Crypto Exchange Competition Heats Up With FTX.US Growth Spurt

FTX.US’s marketing push appears to be making headway amid a broader surge in interest about cryptocurrency trading.

The U.S. affiliate of Sam Bankman-Fried’s crypto exchange FTX said Thursday its average daily volume reached new highs in the first half of the year as digital-asset prices surged, and amid a massive advertising campaign targeting retail investors. Daily volumes were between $150 million and $1 billion in the first half, according to a release. That makes it one of the largest crypto exchanges in the U.S. by volume, the company said.

Competition is fierce in the space. Users have nearly 400 ...