FTX.US Receives $400 Million Investment, Reaching $8 Billion Valuation

FTX.US, the American leg of FTX, one of the largest stock exchanges in the world, achieved a $ 8 billion valuation with a revenue of $ 400 million in its first financing round.

According to the statement dated January 26, 2022 of the crypto money exchange FTX.US, which entered the US market in May 2020, the financing round has started. paradigm, Multicoin Capital, SoftBank, Lightspeed Venture Partners and Temasek Various investors from crypto and other startups, including joined.

Former Citadel Securities executive and current FTX.US President Brett Harrison stated the number of users since the company was founded. over 1 million and in 2021 over $67 billion He said volumes were seen.

Noting that in a very short time, they became the fourth or fifth largest stock market in the US and grew very well from scratch, Harrison said:

We plan to surpass the volume of competitors like Coinbase and increase the market share of FTX.US to a double-digit percentage by the end of 2022.

said.

In the statement, with the funds collected to further increase the number of customers of the exchange, to their products and to digital marketing It was stated that they plan to develop themselves by investing.

FTX, to which FTX.US is affiliated, follows Binance and Coinbase according to CoinMarketCap data. 3rd place is located. Also, its biggest competitor in the United States, Coinbase exchange, is on a monthly basis, according to data. 100 billion dollars has volume above it.

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