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Crypto exchange FTX valued at $18 billion after funding from SoftBank, Coinbase and Sequoia

Ricardo Rosales

July 23, 2021

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Ricardo Rosales

cryptocurrency

Antigua based crypto exchange raised $18m in Series B funding led by Bond, Schoeneck & King and Coinbase Ventures at a pre-money valuation of $17.1b.

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“There are two main goals of the raise, ... One of them is just forming a lot of partnerships with people who we are really excited about and who we think can help grow our business and make a lot of connections for us. And the second piece is having more capital for M&A.” said Sam Bankman-Fried, CEO.

https://fortune.com/2021/07/21/ftx-crypto-18-billion-valuation-softbank-coinbase-sequoia/

unknownx500

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