The famous American cryptocurrency giant FTX.COM announced the completion of $ 900 million in Series B funding to expand FTX’s international influence, expand the company’s business and aim to become the best stock exchange in the world within two years.
The funding amounts to as much as $ 900 million, one of the largest in the history of the cryptocurrency company. Following the completion of this financing, the company’s market capitalization will reach $ 18 billion.
FTX Trading Oy reveal There are 60 investors involved, including Paradigm, Sequoia Capital, Thoma Bravo, SoftBank, Ribbit Capital, Insight Partners, Third Point, Lightspeed Venture Partners, Altimeter, BOND, NEA, Coinbase Ventures, Willoughby Capital, 40North, Senator Investment Group, Sino Global Capital, Multicoin, Paul Tudor Jones family, Izzy Englander, Alan Howard, VanEck, Hudson River Trading and Circle.
29 years old billion and FTX CEO Sam Bankman-Fried said:
“I am incredibly humiliated for the support we have received. It is our first major fundraiser, but through it we have formed a very valuable partner. I am excited to work with them to get the best possible company from FTX. building a vision of what FTX could become. “
FTX cryptocurrency currency exchange founded in 2017, are a cryptocurrency derivatives listed company with more than one million users and a daily trading volume of more than $ 10 billion. Since the FTX exchange was released to the general public in May 2019, the FTX exchange has evolved incredibly fast. The company’s growth has increased tenfold this year.
The FTX exchange is currently the second largest 24-hour open-ended fixed income market in the world after Binance in the cryptographic derivatives market, aAccording to CoinGecko data.
Meanwhile, FTX is now the world’s fifth largest Bitcoin futures exchange information from Skew.com. Many investors have favored the impressive growth of the FTX exchange. In the past, the FTX Exchange has raised a total of $ 16 million in funding over the last four rounds. The previous funding took place on March 2, 2020. Leading investors include e.g. Binance and one capital.
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