Leading up to the capital raise, FTX recently crossed $300 million in total trading volume and launched several new features and products, including spot orders, leaderboards, altcoin index futures, and more. The exchange also issued its native utility token, FTT, which provide holders with a number of unique benefits, such as ⅓ revenue buy and burn, lower trading fees, OTC rebates, and collateral for futures trading.

https://finance.yahoo.com/news/proof-capital-backed-ftx-raises-163000822.html