FTX News: Leading crypto exchanges announced that they experienced record trading volume by exchanges in 2021 due to increased demand for digital assets, with tremendous growth in the past few months. FTX, one of the leading digital exchanges, announced yesterday that it has received an investment of $ 900 million to further grow and develop.
The $900 million fund includes investments from Paradigm, Sequoia Capital, Thoma Bravo, SoftBank, Ribbit Capital, Insight Partners, Third Point, Lightspeed Venture Partners, Altimeter, BOND, NEA and Coinbase Ventures.
Additionally, Alan Howard, VanEck, and Circle recently participated in funding support for the FTX exchange. Launched in 2019, the FTX cryptocurrency exchange registered significant growth in 2021 as the number of active users and daily trading volume increased rapidly. These investments seem to insist that the FTX exchange remains among other popular exchanges.
Commenting on the latest funding support, FTX CEO Sam Bankman-Fried said:
I am incredibly happy with the support we have received. This is our first major fund, but we have created a very valuable group of partners. I am excited to work with them to make FTX the best possible company. “We started as a new derivatives exchange two years ago, and this round will help us continue to build a bigger and broader vision of what FTX could be,” he said.