FTX Trading's US subsidiary secured the cash at an $8bn valuation, bucking the trend among rival cryptocurrency exchanges less eager to raise funding.
FTX US, part of Bahamas-registered cryptocurrency marketplace operator FTX Trading, raised $400m yesterday in a series A round featuring internet and telecommunications group SoftBank’s Vision Fund 2 at an $8bn valuation.
Other investors in the round, which marked the subsidiary’s first external funding, included Temasek, Multicoin Capital, Paradigm, Ontatio Teachers’ Pension Plan, Greenoaks Capital, Steadview Capital, New Enterprise Associates and Lightspeed Venture Partners.
The funding will be used to grow the user base of FTX US, launch new business lines…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
