FTX procures $ 420 million in series B-1-Crypto Exchange orders of $ 25 billion-finance
FTX procures $ 420 million in series B-1-Crypto Exchange orders of $ 25 billion-finance
The digital currency exchange FTX Trading Limited announced that the company collected more than $ 420 million as part of a series B-1 donation campaign. The capital increase follows the financing round of the crypto exchange at the end of July, when FTX received $ 900 million. After the increase was announced on October 21, FTX said that the estimated value of the company is now around $ 25 billion.
Crypto Exchange Giant FTX collects $ 420 million in series B-1
- On Thursday, the FTX crypto-asset exchange announced that it recorded more funds in a financing round of the B-1 series. The company collected $ 420 million from 69 different investors.
- According to the announcement, FTX said that the Ontario Teachers 'Pension Plan Board via its Teachers' Innovation Platform, Temasek, Sequoia Capital, IVP, Iconiq Growth, Tiger Global, Ribbit Capital and Lightspeed Venture Partners were involved in the latest financing.
- also, in addition to the $ capital increase in July FTX, Temasek took part in the original Series B round and increased the increase to $ 1 billion. With all investors previously applied, the overall rating of FTX is $ 25 billion, as the company announced.
- "We founded FTX two years ago with the idea of creating a better financial marketplace," said Sam Bankman-Fried, CEO of FTX noticed during the announcement. "Today we focus on establishing FTX as a trustworthy and innovative stock exchange by regularly working with supervisory authorities around the world and constantly looking for ways to improve our offer for investors of digital assets," said Bankman-Fried.
- on the same day on which the capital increase was announced, Bankman-Fried also entered the board of the NFT company autograph, a NFT-FIRMA Tom brady
- According to FTX, the company's user base has increased by 48 % since the last capital increase in July and the trading volume by 75 %. The stock exchange found that the trading volume of crypto-assets is an average of around $ 14 billion a day.
- The company also announced that it recently set up its global headquarters on the Bahamas. FTX secured licenses on the islandal territory and took over the regulatory guidelines prescribed on the Bahamas and Gibraltar.
- "The additional capital and the investor group will enable us to offer the experience that our users earn and other adjacent market opportunities such as stocks, predictive markets, NFTs and video game partnerships. FTX product chief Ramnik Arora said in an explanation.
What do you think that FTX will have an additional $ 420 million after a billion dollars in July? Let us know your opinion on this topic in the comments below.
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