FTX Raises $900M and Reaches $18B Valuation

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Cryptocurrency exchange FTX has just completed a new fundraising in which the platform has attracted $900 million, The Block has reported.

The participants in the Series B funding round include SoftBank, Sequoia Capital, Paradigm, Lightspeed, Third Point, Alan Howard, Izzy Englander and the Paul Tudor Jones family, among others.

The exchange has entered into partnerships with the Major League Baseball and e-sports team TSM.

After this funding round, which is the biggest in a crypto company to date, the valuation of the company has hit $18 billion.