SoftBank, Circle and Coinbase Ventures were among more than 60 investors which funded the crypto exchange operator at an $18bn valuation.
Antigua and Barbuda-registered cryptocurrency exchange operator FTX Trading completed a $900m series B round yesterday featuring internet and telecommunications group SoftBank, digital currency exchange Coinbase and blockchain payment technology provider Circle.
The funding was raised at an $18bn valuation from a consortium of more than 60 investors including quantitative trading firm Hudson River, Paradigm, Sequoia Capital, Thoma Bravo, Ribbit Capital, Insight Partners, Bond, New Enterprise Associates, Third Point and Lightspeed Venture Partners.
Willoughby Capital, 40North, Senator Investment Group, Sino Global Capital, Multicoin, VanEck, Altimeter and the Paul Tudor Jones family were also among the participants, as were private investors Izzy Englander and Alan Howard. Coinbase took part through corporate venturing vehicle Coinbase Ventures.
Incubated by quantitative trading firm Alameda Research, FTX Trading runs FTX.Com, a cryptocurrency exchange with more than 1 million users that handles some $10bn of trading volume a day.
The series B proceeds will be channelled into…
