Cryptocurrency exchange platform FTX US has announced the closing of a USD 400 Million Series A round valuing the Company at USD 8 Billion.
This funding round is the first for FTX US and saw participation from Paradigm, Temasek, NEA, Multicoin Capital, Tribe Capital, Ontario Teachers' Pension Plan Board, SoftBank Vision Fund 2, Greenoaks Capital, Steadview Capital, and Lightspeed Venture Partners, amongst others.
The funds will allow FTX US to continue its growth, expand its US presence, and establish itself as a crypto exchange in the US, while maintaining strict compliance with existing regulations and supporting emerging regulations of crypto spot and derivatives markets.
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