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28 July 2021

FTX Raises $900 Million and Hits $18 Billion Valuation | Crypto Briefing

FTX Raises $900 Million and Hits $18 Billion Valuation | Crypto Briefing


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FTX, a major cryptocurrency exchange and crypto futures trading platform, has raised $900 million in a new funding round.

Its press release notes that it has seen “tremendous growth” since its launch in May 2019, with revenue growing by a factor of 75 since its 2020 Series A funding round and a factor of ten this year alone.

The exchange says that it will use its newly raised funds to expand its product line, grow its user base, make strategic investments, and expand partnerships.

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