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FTX.US completes $8 billion fundraising, FTX.US President: Will acquire and invest in related areas

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FTX.US completes $8 billion fundraising, FTX.US President: Will acquire and invest in related areas

FTX.US announced today (26th) that it has completed its Series A funding with a total amount of $400 million, valuing the company at $8 billion.

What Investors Have to Say?

FTX.US has had an impressive year in 2021. In addition to acquiring LedgerX and obtaining three derivative licenses from the CFTC, the platform has also welcomed former officials from the SEC and CFTC to assist with regulatory communication.

Matt Huang, Co-Founder of Paradigm, stated:

“Paradigm is thrilled to be investors in both FTX.com and FTX.US. The team at FTX.US is world-class, and their proactive engagement with regulation, along with the continuous rollout of excellent products and services, has enabled millions to invest in cryptocurrencies.”

Kyle Samani, Co-Founder and Managing Partner of Multicoin Capital, commented:

“The FTX.US team is laying the foundation for all U.S. cryptocurrency exchanges, including spot trading, derivatives trading, and NFT trading. As users increasingly recognize the convenience and flexibility of the FTX.US trading platform, their market share continues to grow. With upcoming product releases, we expect FTX.US's market share to accelerate further.”

Carmen Chang, Chairman and Head of NEA Asia, said:

“For a decade, we have been monitoring the developments in the crypto space and see FTX.US building unprecedented infrastructure. Under Sam's leadership, FTX's products continue to innovate, making FTX a market leader. We are excited to collaborate with the FTX team to provide better crypto exchange services globally.”

Neil Mehta, Founder and Managing Partner of Greenoaks Capital, expressed:

“Competition among cryptocurrency exchanges is fierce, and in this global market, FTX stands out. Sam's team boasts a wealth of crypto talent, making them stand out in this field. FTX.US has established a first-class cryptocurrency exchange in the U.S., putting significant effort into regulation, and building collective trust. We are pleased to partner with them.”