Bitcoin News Post
No Result
View All Result
  • Home
  • Latest News
    • Crypto News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • Ripple News
    • Litecoin News
  • Analysis
  • Blockchain
  • Exchanges
  • Business
  • Regulation
LIVE PRICES
  • Home
  • Latest News
    • Crypto News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • Ripple News
    • Litecoin News
  • Analysis
  • Blockchain
  • Exchanges
  • Business
  • Regulation
No Result
View All Result
Bitcoin News Post
No Result
View All Result

FTX Closes $900 Million Series B — Capital Raise Pushes Exchange Valuation to $18 Billion – Finance Bitcoin News

by BNP
July 21, 2021
in Bitcoin News
0
Share on FacebookShare on Twitter


FTX Buying and selling Ltd. introduced the agency has closed the most important capital elevate in crypto alternate historical past in a Collection B funding spherical for $900 million. The financing provides FTX a valuation of round $18 billion and the crypto agency goals to broaden its international presence.

FTX Closes Largest Capital Elevate in Crypto Alternate Historical past

FTX has seen numerous partnerships and progress in 2021 and following the agency’s Collection A financing spherical final 12 months, the corporate raised $900 million from over 60 traders for its Collection B. The corporate particulars that because the final funding spherical, FTX revenues have elevated tenfold and it now has over a million customers.

Traders that participated within the $900 million Collection B embody Paradigm, Sequoia Capital, NEA, Coinbase Ventures, Willoughby Capital, the Paul Tudor Jones household, Izzy Englander, Alan Howard, Vaneck, Hudson River Buying and selling, and Circle Monetary. The newly injected funds will probably be devoted to growth and growing each FTX customers and merchandise. FTX can even make its personal “strategic investments,” the funding announcement particulars.

The announcement additional explains that FTX dealt with the financing by way of the corporate’s in-house enterprise group alongside participation from BTIG, Ribbit, and Paradigm. Sam Bankman-Fried, the CEO of FTX defined in a press release that he was grateful for all the assistance his firm has seen.

“I’m extremely humbled by the assist we’ve gotten,” Bankman-Fried detailed. “It’s our first massive fundraise, however by it, we’ve fashioned a massively beneficial set of companions. I’m excited to work with them to make FTX the most effective firm it may be. We began out as a brand new derivatives alternate two years in the past, and this spherical will assist us proceed to construct out an even bigger and broader imaginative and prescient for what FTX may turn into.”

FTX has made a large number of strategic partnerships this 12 months and with a big give attention to skilled sports activities. Throughout the announcement, FTX mentioned that it plans to “additional broaden the community of partnerships” going ahead. The corporate additionally highlighted that it plans to develop the agency’s FTX NFT (non-fungible token), FTX Liquidity program, and FTX Pay enterprise strains.

What do you concentrate on FTX elevating $900 million on Tuesday? Tell us what you concentrate on this topic within the feedback part under.

Tags on this story
$900 million, alan howard, Circle, Coinbase Ventures, crypto alternate, Finance, ftx, FTX Alternate, FTX Liquidity program, FTX NFT, FTX Pay, FTX Buying and selling Restricted, funding spherical, Hudson River Buying and selling, Izzy Englander, NEA, Paradigm, Sam Bankman-Fried, Sequoia Capital, Collection B, the Paul Tudor Jones household, vaneck, Willoughby Capital

Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It isn’t a direct provide or solicitation of a suggestion to purchase or promote, or a suggestion or endorsement of any merchandise, companies, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, straight or not directly, for any injury or loss prompted or alleged to be brought on by or in reference to using or reliance on any content material, items or companies talked about on this article.





Source link

ShareTweetPin

Related Posts

72% of Institutional Traders Surveyed ‘Have No Plans to Trade Crypto’ – Featured Bitcoin News

by BNP
February 5, 2023
0

A brand new survey by JPMorgan Chase reveals that 72% of institutional merchants “don't have any plans to commerce crypto”...

Russia’s Largest Private Bank Launches Digital Asset Platform – Finance Bitcoin News

by BNP
February 5, 2023
0

Alfa-Financial institution, one of many main Russian banking establishments, has established its personal platform for digital monetary belongings. The launch...

Faketoshi being allowed to prosecute Bitcoin developers in the UK

by BNP
February 5, 2023
0

What an unimaginable fail of the judges on this matter. When is that this man, this scammer and pathological liar...

Market Strategist Predicts Gold Will Be the Top Performer in 2023 Over Cryptocurrencies and Equities – Bitcoin News

by BNP
February 5, 2023
0

Gareth Soloway, president and chief market strategist at inthemoneystocks.com, predicts that gold will outperform cryptocurrencies and fairness performances in 2023....

Bitcoin, Ethereum and select altcoins set to resume rally despite February slump

by BNP
February 5, 2023
0

After the spectacular rally in January, Bitcoin (BTC) appears to be taking a breather in February. This can be a...

Meme Coin Economy Swells by $5.8 Billion in Less Than a Month, Suggesting Demand for Meme Tokens Still High – Markets and Prices Bitcoin News

by BNP
February 5, 2023
0

The meme coin financial system has grown considerably over the previous 27 days, growing 34.52% in opposition to the U.S....

Load More
Next Post

Today I was able to "scam" the scammer lol : Bitcoin

Bitcoin News Post

Get the latest Bitcoin news & Cryptocurrency updates from the world's top trusted sources.

  • Home
  • Privacy Policy
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © Bitcoin News Post.

No Result
View All Result
  • Home
  • Latest News
    • Crypto News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • Ripple News
    • Litecoin News
  • Analysis
  • Blockchain
  • Exchanges
  • Business
  • Regulation

Copyright © Bitcoin News Post.

  • DSLA ProtocolDSLA Protocol(DSLA)$0.003679-6.88%
  • lympoLympo(LYM)$0.004392-4.43%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • RelevantRelevant(REL)$0.791.67%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • Dev ProtocolDev Protocol(DEV)$1.76-16.14%
  • B-cube.aiB-cube.ai(BCUBE)$0.183584-4.85%
  • Shard CoinShard Coin(SHARD)$0.216756-21.17%
  • Finance VoteFinance Vote(FVT)$0.007875-2.41%
  • Value DeFiValue DeFi(VALUE)$0.554.96%