FTX raised $ 900 million at $ 18 billion valuation

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Crypto exchange FTX raised $ 900 million in Series B funding, with a valuation of $ 18 billion dollars.

A new round of FTX funding ended on Tuesday. The exchange attracted $ 900 million from sixty large investors.

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As a result, FTX, which prohibits Americans from trading on the site in order to avoid conflicts with regulators, has become one of the largest crypto companies in the world.

FTX is headquartered in Hong Kong andparent company FTX Trading Ltd. located in Antigua and Barbuda. The company plans to use the raised funds to develop new products and services.

Among the prominent investors who participated in the roundfunding, there were hedge fund billionaires Israel Englander and Alan Howard, the family of another hedge fund billionaire, Paul Tudor Jones, and private equity technology company Thoma Bravo.

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