FTX.US, the US arm of cryptocurrency exchange FTX, announced today that it has closed its first funding round with a valuation of $ 8 billion. However, the company cryptocurrencies In these difficult days, he managed to gain the status of “Unicorn” company.
FTX Receives Investments From Many Companies
The stock market, which has become one of the biggest names in the market with its sudden rise in the crypto money world, has collected $ 400 million from many companies, including Paradigm, Multicoin Capital, Temasek and SoftBank, in its financing round.
With this development, FTX.US has become one of the names that have become a “Unicorn” company in the crypto money world that exploded last year. Unicorn companies are used to describe brands with a valuation of over $1 billion. This success of the company bitcoin It came despite its price dropping more than 50% after the record $69,000 mark.
“Our success in the funding round is testament to the growth we’ve experienced over the past year,” said Brett Harrison, president of FTX.US.
FTX had achieved record growth in 2021. Creating its own NFT marketplace, the company has run hundreds of millions of dollars in sports advertising campaigns. The company is among the world’s largest cryptocurrency exchanges after Coinbase and Binance.
The US branch of the company, on the other hand, increased its daily trading volume by 608% over the past year, peaking at $812 million in early November. In the same period, the total number of users of the exchange jumped from 10,000 to 1.2 million. Another critical move from the company was its acquisition of LedgerX.