On July 21, the cryptocurrency exchange FTX announced that it had completed a Series B round of financing of up to US$900 million, and the company's valuation reached US$18 billion-creating the highest record in the history of cryptocurrency exchanges. According to FTX, this round is strategic financing, hoping to achieve a strategic layout of cooperation with traditional market investors through financing.
It is reported that more than 60 investors participated in this round, including: Sequoia Capital, SoftBank, Thoma Bravo, Ribbit Capital, Insight Partners, Third Point, Lightspeed Venture Partners, Altimeter, BOND, NEA, Coinbase Ventures, Willoughby More than 60 investors including Capital, 40North, Senator Investment Group, Paul Tudor Jones Family Office, Izzy Englander, Alan Howard, VanEck, Hudson River Trading, Paradigm, Sino Global Capital, Multicoin Capital, and Circle participated in the investment. The post-valuation is as high as 18 billion US dollars.
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What investors think about FTX and Sam Bankman-Fried
“The world needs a high-quality cryptocurrency exchange that cooperates with regulators, and FTX is such an exchange. They even have the potential to become a financial exchange covering all asset types. As the founder of FTX, Sam Bankman-Fried is very suitable The execution of the FTX team has also been impressive in building this business, and we are honored to be their partner." - Alfred Lin, Partner at Sequoia Capital
"We couldn't be more excited to watch Sam and the FTX team successfully build the most advanced and sophisticated cryptocurrency exchange in the world. It's an incredible achievement and FTX hopes to positively impact the world through crypto business, It is this commitment that makes FTX unique. We are excited to partner with FTX in the next phase of their development, they have created a whole new ecosystem for the crypto industry." - Orlando Bravo, Thoma Bravo Founder and Managing Partner
“Cryptofinance has the potential to disrupt our global financial system, and over the next few years we believe FTX will be at the heart of this theme. Sam has unique insights and feelings about the crypto market, and his team has the ability to launch at breakneck speed products. With these strengths, FTX quickly became the leading cryptocurrency exchange in the world. We believe that this is just the beginning of FTX’s growth story, and we are very excited to partner with them on their future journey.” - Deven Parekh, Insight Partners Managing Director
“Sam Bankman-Fried is a very special founder who is ambitious and has a vision that is uniquely aligned with the future of cryptocurrencies. The execution of the FTX team is unquestionable, otherwise they would not have done so in a short period of time. Growing into a top global cryptocurrency exchange in two years. Sam and FTX have a bright future, and Paradigm is excited to be a part of it." - Matt Huang, Paradigm Co-Founder and Managing Partner
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About FTX
FTX.COM is a cryptocurrency exchange built by traders, for traders, so it provides innovative trading products such as industry-leading derivatives, options and volatility products, equity tokens, prediction markets, leverage Tokens and over-the-counter transactions, etc. FTX.COM is committed to building an intuitive, powerful platform that meets the trading needs of various users and becomes the most innovative exchange in the industry. Since its inception, FTX.COM has developed rapidly, becoming one of the largest cryptocurrency exchanges in the world in just two years.
