CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
    • Spanish
    • Turkish
    • German
    • Bulgarian
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • CryptoPotato Spanish
  • CryptoPotato Turkey
  • CryptoPotato Germany
  • CryptoPotato Bulgaria
  • Market Updates
  • BTC Analysis
  • ETH Analysis
  • XRP Analysis
  • Interviews
CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
    • Spanish
    • Turkish
    • German
    • Bulgarian
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • CryptoPotato Spanish
  • CryptoPotato Turkey
  • CryptoPotato Germany
  • CryptoPotato Bulgaria
Home » Crypto News » FTX Valued at $18 Billion Following a Record $900M Funding Round

FTX Valued at $18 Billion Following a Record $900M Funding Round

Author: Anthonia Isichei

Last Updated Jul 21, 2021 @ 07:01

FTX’s estimated valuation has grown to $18 billion after raising a record-setting amount of $900 million from investors like VanEck and Sequoia Capital.

Getting your audio player ready...

Hong Kong-based cryptocurrency derivatives platform FTX has made history after raising a record $900 million in Series B funding.

  • According to a report by Forbes on Tuesday (July 20th, 2021), more than 60 investors were involved in the funding round in what is described as the largest fundraiser in the crypto space.
  • Some of the notable investors include Sequoia Capital, hedge fund representatives Izzy Englander and billionaire Alan Howard, VanEck, the Paul Tudor Jones family, Softback, and Circle.
  • According to FTX CEO Sam Bankman-Fried, the main objective of the event was to partner with strategic allies who could grow the company.
  • However, cryptocurrency exchange giant Binance, which was an earlier investor in the platform, was not involved in the present funding round. The Forbes report noted that Binance withdrew its equity stake in the company, adding that it was done on “good terms.”
  • “We’re still friends but we no longer have any equity relationship.” – explained the CEO of the world’s largest exchange – Changpeng Zhao (CZ).

  • With the new capital, FTX’s valuation has grown to $18 billion, an indication that the value of the derivatives platform has grown 15 times in one year. Back in 2020, the firm was worth $1.2 billion.
  • Bankman-Fried also stated that the funds would be used to make more acquisitions. As previously reported by CryptoPotato in March, the company sealed a naming rights deal to the Miami Heats arena worth $135 million for 19 years.
  • Earlier in July, the FTX CEO said there was a possibility the derivatives exchange could acquire Wall Street giant Goldman Sachs. Meanwhile, the company bought Blockfolio in August 2020.
SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Tags: FTX Exchange
Enjoy reading? Share with your friends
Facebook Twitter LinkedIn Telegram

About The Author

Anthonia Isichei
More posts by this author

Anthonia is a fintech writer who has been involved in the crypto space since 2017 covering developments across regulations, adoption, and several other aspects of the Industry. When not neck-deep in the crypto news cycle, Anthonia spends her free time globetrotting and playing video games.

Join Our Community

FacebookX YouTubeTelegram


Editorials
How to Trade on Hyperliquid: The Ultimate Guide (Step-by-Step Walkthrough)

How to Trade on Hyperliquid: The Ultimate Guide (Step-by-Step Walkthrough)

11 Best Meme Coins to Watch in June 2025

11 Best Meme Coins to Watch in June 2025

7 Best Meme Coin Presales to Watch in June 2025

7 Best Meme Coin Presales to Watch in June 2025

Toobit Review 2025: Is Toobit a Safe Crypto Exchange?

Toobit Review 2025: Is Toobit a Safe Crypto Exchange?

Hyperliquid Bridge: How to Bridge USDC to Hyperliquid

Hyperliquid Bridge: How to Bridge USDC to Hyperliquid

11 Best Crypto Presales to Consider in June 2025

11 Best Crypto Presales to Consider in June 2025

Need for Speed – Only Ultra-Fast Blockchains Will Win the Adoption Race (Opinion)

Need for Speed – Only Ultra-Fast Blockchains Will Win the Adoption Race (Opinion)

Join Our Newsletter
Become a CryptoPotato VIP
One Weekly Email Can Change Your Crypto Life.
Sign-up FREE to receive our extended weekly market update and coin analysis report
We NEVER send spam. You can unsubscribe at any time.
Invalid email address
Thanks for subscribing!
Footer Logo
About
Advertise on CryptoPotato
About Us | Contact Us | Careers
Editorial Policy
Terms of service | Privacy Policy | GDPR
More Sections
IEO List | Evaluations
Airdrops
Scholarship
Disclaimer
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
© Copyright CryptoPotato 2016 - 2025
Scroll to top
One Daily Email Can Change Your Crypto Life.

Sign-up FREE to receive our extended daily market update and coin analysis report

We never send SPAM. You can unsubscribe at any moment
Invalid email address
Thanks for subscribing!