FTX, the second-biggest crypto exchange in the world by trading volume, has recently been dubbed a “central bank” of crypto as the firm—under the helm of co-founder and CEO Sam Bankman-Fried—emerged as a lender of last resort to struggling businesses amid the market meltdown.
That level of influence has been possible in part because the crypto conglomerate’s trading business has held up relatively well compared to other exchanges, likely because it targets professional traders who seek to profit from sharp market moves more than it aims at individual investors. FTX generated roughly $250 million in revenue in the second quarter, a person familiar with the financial statements told The Information. While that’s down 7% from around $270 million in the first quarter, it’s a stark contrast to the 31% plunge in revenue at Coinbase over the same period.
But while FTX is among the highest-profile crypto firms in the world, the inner workings and hierarchies of the two companies—which operate through a web of subsidiaries that spans several continents—have until now not been well known. The Information’s org charts for FTX and FTX US map out 51 people in key positions across the international and U.S. operations.