The Coinbase, Binance, SoftBank and Circle-backed crypto exchange operator has hauled in funding at a valuation of $25bn.

FTX Trading, the Bahamas-registered cryptocurrency exchange backed by internet and telecommunications group SoftBank, payment technology provider Circle and crypto exchanges Coinbase and Binance, has raised approximately $421m in series B-1 funding.

The cash was supplied by 69 investors including Ontario Teachers’ Pension Plan Board’s Teachers’ Innovation Platform, BlackRock, Temasek, Sequoia Capital, IVP, Iconiq Growth, Tiger Global Management, Sea Capital, Ribbit Capital and Lightspeed Venture Partners, FTX said.

Founded in 2019 and incubated by quantitative trading firm Alameda Research, FTX runs…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Robert Lavine

Robert Lavine is special features editor for Global Venturing.
Email LinkedIn