FTX smashes crypto funding record with $900m raise to become exchange decacorn

Cointelegraph

Published Jul 20, 2021 01:43PM ET

Updated Jul 20, 2021 03:20PM ET

FTX, the cryptocurrency derivatives exchange founded by Sam Bankman-Fried, has closed a $900 million funding round – highlighting once again that venture capitalists are shrugging off market turmoil in their quest to uncover quality blockchain plays.

The Series B investment round had over 60 participants, including Softbank (OTC:SFTBY), Sequoia Capital, Coinbase Ventures, Multicoin, VanEck and the Paul Tudor Jones Family.

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