The FTX exchange closes a round of € 361 million

The platform is located within the four main exchanges in the global, and aims to generate trust in its clients and improve the financial market

The cryptocurrency trading platform, ‘exchange’, FTX has closed a financing round of 420.7 million dollars, equivalent to 361.3 million euros, which aims to cover the expansion into new jurisdictions and the “continued growth “of the company, as reported this Thursday in a statement.

After this round, FTX, which is based in Antigua and Barbuda although its headquarters are in the Bahamas, reaches a valuation of 25,000 million dollars, that is, about 21,462 million euros.

A total of 69 investors participated in the operation, including the Ontario teachers’ pension fund, the Singapore sovereign wealth fund (Temasek) and the investment funds Sequoia Capital, Sea Capital, IVP, Iconiq Growth, Tiger Global, Ribbit Capital, Lightspeed Venture Partners and BlackRock.

We founded FTX two years ago with the idea of ​​creating a better financial market. Today we are focused on establishing FTX as a trusted and innovative ‘exchange’ by talking regularly with regulators around the world and constantly looking for opportunities to improve our trading offerings. digital assets for investors,” said the CEO and co-founder of FTX, Sam Bankman-Fried.

According to data collected by CoinGecko, FTX is already the fourth largest crypto exchange in the world. In the last 24 hours, the volume traded on its platform has been close to 4.85 billion dollars (4.167 billion euros). Above this ranking are Huobi, Coinbase and Binance.

Source: dpa

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