FTX Bitcoin Exchange Raises 900 million

Today, fan-favourite bitcoin exchange FTX Trading Ltd. announced the completion of a 900 million Series B fundraise at an $18 billion valuation, per a release sent to Bitcoin Magazine.

According to the release, over 60 investors participated such as the Paul Tudor Jones family, Coinbase Ventures, VanEck, Insight Partners and many more. Many of the investors had nothing but spectacular things to say about the company and its CEO, Sam Bankman-Fried. “Crypto has the potential to disrupt our global financial system, and we believe FTX will be core to this theme for years to come,” said Deven Parekh, managing director at Insight Partners. “We believe this is only the beginning of FTX’s growth story and are thrilled to partner with them on the journey ahead.”

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