CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.1% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US English

FTX Trading closes latest funding round with $25bn valuation

By Debabrata Das

05:03, 22 October 2021

The stadium of NBA's Miami Heats sponsored by FTX
The stadium of NBA's Miami Heats sponsored by FTX - Photo: Shutterstock

Bahamas-based cryptocurrency exchange FTX Trading closed its Series B-1 round of funding with a valuation of $25bn.

The company raised $420.69m in the round which saw participation by 69 investors including leading Southeast Asia-based investors Temasek and Sea Capital as well as global investors such as Ontario Teachers’ Pension Plan Board, Sequoia Capital, Lightspeed Venture and BlackRock.

“We founded FTX two years ago with the idea of creating a better financial marketplace. Today, we are focused on establishing FTX as a trustworthy and innovative exchange by regularly engaging with regulators around the world,” said Sam Bankman-Fried, CEO of FTX, in a statement.

FTX to broaden product suite

FTX had completed its Series B round of funding only in July 2021 and had initially raised $900m, which subsequently increased to $1bn. Since that round of funding, the company established its global headquarters in Bahamas and secured licenses under new regulatory frameworks in Bahamas and Gibraltar.

“The additional capital and group of investors will let us provide the experience our users deserve and address other adjacent market opportunities including equities, prediction markets, NFTs [non-fungible tokens] and videogame partnerships,” said Ramnik Arora, head of product at FTX.


3,167.84 Price
+3.460% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 6.00


18,041.00 Price
+0.290% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 21:00 (UTC)
Spread 1.8


2,351.93 Price
+0.300% 1D Chg, %
Long position overnight fee -0.0191%
Short position overnight fee 0.0109%
Overnight fee time 21:00 (UTC)
Spread 0.50


0.50 Price
+2.670% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.01168

"Lightspeed is excited to double down in FTX's B-1 round…We believe FTX will continue to be a leader in powering crypto transactions across financial services and consumer businesses," said Amy Wu, general partner at Lightspeed.

High profile clients

Since its July fundraising, FTX has grown its user base by 48% and its average trade volume has increased 75%, now averaging $14bn a day in daily volume.

Launched in 2019, the exchange is known for its high-profile clientele as well has having the likes of American football superstar Tom Brady and his wife, supermodel Gisele Bündchen, as investors.

Read more: Shares in crypto exchange Coinbase jump on NBA deal

Rate this article

Capital Com is an execution-only service provider. The material provided in this article is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents and has not been prepared in accordance with the legal requirements designed to promote investment research independence. While the information in this communication, or on which this communication is based, has been obtained from sources that believes to be reliable and accurate, it has not undergone independent verification. No representation or warranty, whether expressed or implied, is made as to the accuracy or completeness of any information obtained from third parties. If you rely on the information on this page, then you do so entirely at your own risk.

Still looking for a broker you can trust?

Join the 610,000+ traders worldwide that chose to trade with

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading