Cryptocurrency exchange FTX received $900 million in Series B financing, valuation has soared to $18 billion

Although Bitcoin has cut from the highest price in the past three months, the latest news from the market shows that investors still have enthusiasm for this industry.

The well-known cryptocurrency exchange FTX announced that it received a $900 million Series B financing led by SoftBank Group, with Sequoia Capital and Third Point also participating in the investment.

After this round of financing, the FTX exchange valuation has soared to $18 billion, which is currently the largest single round of financing in the cryptocurrency industry and setting the largest financing record.

The cryptocurrency exchange stated that this round of financing is strategic financing, hoping to achieve a strategic layout of cooperation with top investors in the traditional market through this financing.

At present, there are not many traditional market investors participating in the cryptocurrency industry, and most of the institutions that invest in bitcoin in this round of bitcoin bull market are also technology companies.

The listing of Coinbase, a domestic cryptocurrency exchange in the United States, on Nasdaq is just the beginning, which shows that there are indeed some traditional market investors who want to participate in the industry.

Via: Reuters