FTX Trading Ltd., commonly known as FTX (short for "Futures Exchange"), is a bankrupt company that formerly operated a cryptocurrency exchange and crypto hedge fund. The exchange was founded in 2019 by Sam Bankman-Fried and Gary Wang and, at its peak in July 2021, had over one million users and was the third-largest cryptocurrency exchange by volume.FTX is incorporated in Antigua and Barbuda and headquartered in the Bahamas.FTX is closely associated with FTX.US, a separate exchange available to US residents.