FTX US Closes $400M Series A Funding At $8 Billion Valuation

ftx us

West Realm Shires Services Inc., and FTX US, a US-regulated cryptocurrency exchange closed a $400M Series B funding that valued the company at $8 billion.

Paradigm, Temasek and Tribe Capital participated in the round, as did Ontario Teachers’ Pension Board, SoftBank Vision Fund 2, Greenoaks Capital and Steadview Capital. Lightspeed Venture Partners was also present.

These funds will enable the company to grow its user base, boost its derivatives efforts and launch new business lines. It also allows it to make strategic investments in key verticals, acquire and make acquisitions, and expand its network and partnerships.

Brett Harrison is the President of FTX US.

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