• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

The FTX.US exchange is about to increase $ one.five billion with a valuation of $ eight billion

192
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Hong Kong cryptocurrency exchange Hounax scammed users out of $15.4 million

Hong Kong cryptocurrency exchange Hounax scammed consumers out of $15.four million

November 27, 2023
Coin68 Weekly Magazine (November 20 - November 26): Shocking $4.3 Billion Fine for Binance

Coinlive Weekly Magazine (November twenty – November 26): Shocking $four.three Billion Fine for Binance

November 26, 2023

FTX’s cryptocurrency trading platform in the US prepares to increase “huge” capital to carry on the battle for US marketplace share.

The FTX.US exchange is about to increase $ one.five billion with a valuation of $ eight billion

FTX asks for new capital

According to sources of CoinDesk, CEO Sam Bankman-Fried of cryptocurrency exchange FTX invites institutional traders to participate in a $ one.five billion funding round for FTX.US, FTX’s unique platform for the United States. This new funding round will reportedly be performed via shares of FTX.US and set the exchange’s valuation at $ eight billion.

This is the third time in 2021 alone that FTX has mobilized capital. As reported by Coinlive in July 2021, billionaire Sam Bankman-Fried’s exchange carried out the greatest funding round in cryptocurrency background, raising $ 900 million at a valuation of $ 18 billion. Three months later on, FTX continued to shock the cryptocurrency planet when it attracted an more $ 420 million in investment capital, bringing its valuation to $ 25 billion.

If the FTX.US funding round is productive, the total FTX will be really worth $ 32 billion. However, neither FTX nor FTX.US have confirmed info on the new funding round.

Answer the interview CoinDesk In October, Chief Executive Sam Bankman-Fried confirmed that the newly raised funds will carry on to be invested from the exchange on mergers and acquisitions to increase FTX into a lot of new markets. This is obviously proven in the floor’s brand promotion system in latest many years.

As reported by Coinlive, FTX is selling its brand promotion system, focusing on the US marketplace via a lot of “terrible” cooperation agreements with important US sports activities organizations, such as Mercedes’ F1 racing staff, the staff of basketball NBA Miami Heats, American Baseball League (MLB), TSM eSports staff, North American League of Legends (LCS), Cal Athletics College and American football legend Tom Brady.

Additionally, the exchange not long ago moved its headquarters to the Caribbean island of the Bahamas, found close to the United States, hailing Hong Kong since it thinks the legal natural environment right here is no longer ideal.

Many exchanges level to the “piece of cake” in the US

This United States is also a aggressive “hot spot” for a lot of important cryptocurrency exchanges. In addition to FTX, a lot of other platforms in the previous have invested hundreds of hundreds of thousands of bucks on merger and acquisition and promotion routines in the United States across the sports activities section, this kind of as:

– The Crypto.com exchange just acquired two derivatives trading platforms that had been licensed in the US for $ 216 million, invested $ 700 million to obtain the naming rights for the Staples Center in Los Angeles, and have allotted $ one hundred million for the worldwide marketing campaign featuring the look of actor Matt Damon.

– Gemini raised $ 400 million to increase operations in the New York location.

– Binance’s US subsidiary, Binance.US, uncovered that it is in the method of raising “hundreds of millions of dollars” prior to the IPO.

– Cboe Stock Exchange has just moved to re-enter the crypto room with the acquisition of the ErisX crypto platform in October.

– FTX.US ‘biggest competitor will absolutely be Coinbase, the only publicly listed cryptocurrency exchange in the United States and a leader in terms of trading volume and amount of end users in the United States. .

Synthetic Currency 68

Maybe you are interested:

Maybe you are interested:

Tags: billionExchangeFTXUSRaisevaluation
Share77Tweet48

Related Posts

Vanadi Coffee Proposes $1.1B Bitcoin Investment

by shark
June 5, 2025
0

Vanadi Coffee aims to become a Bitcoin-first company by investing $1.1 billion in Bitcoin, following MicroStrategy's strategy.

Ethereum Sees Spike in $800M Staking Queue

by shark
June 5, 2025
0

Ethereum's staking queue increases to 306,438 ETH, signaling strong institutional interest.

South Korea Advances Bitcoin ETF Approval for Crypto Growth

by shark
June 5, 2025
0

South Korea accelerates Bitcoin ETF approval, aiming to boost its digital asset industry and align with global financial hubs.

Cardano’s ADA Price Projections through 2025 Analyzed

by shark
June 5, 2025
0

Cardano ADA price predictions show a 2025 range of $0.66 to $2.05 amid ecosystem growth.

Morocco Advances Crypto Regulation Efforts with New Law

by shark
June 5, 2025
0

Badiss Mohamed Amide Bajjou, a 24-year-old, was arrested in Morocco for alleged crypto scheme orchestration. Global crypto frameworks evolve as...

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Vanadi Coffee Proposes $1.1B Bitcoin Investment
  • Ethereum Sees Spike in $800M Staking Queue
  • South Korea Advances Bitcoin ETF Approval for Crypto Growth
  • Cardano’s ADA Price Projections through 2025 Analyzed
  • Morocco Advances Crypto Regulation Efforts with New Law
  • Vanadi Coffee Considers €1 Billion Bitcoin Investment Plan
  • Breaking: Qubetics, BNB, and Crypto Giants Surge with Fresh Developments and 4,350% Potential ROI
  • Ethereum Surges Past $2.6K Amid Institutional Interest
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7