Cryptocurrency exchange FTX US, which raised $400m in its first funding round, was launched in 2020 by former Wall Street high frequency trading executives, and it competes with leading crypto exchanges Coinbase and Binance.
"What this raise means to us is that we are officially establishing ourselves on the stage of the largest competitors of cryptocurrency exchanges in the U.S., and signaling to the world that we are going to continue to expand very rapidly," FTX US President Brett Harrison said.