RATE Group | Proof of Capital-backed FTX Raises $8M for its Cryptocurrency Derivatives Exchange and T…
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Proof of Capital-backed FTX Raises $8M for its Cryptocurrency Derivatives Exchange and T…

06 Aug Proof of Capital-backed FTX Raises $8M for its Cryptocurrency Derivatives Exchange and T…

Posted at 16:34h in Cryptocurrency News by

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SAN FRANCISCO, Aug. 6, 2019 /PRNewswire/ — FTX, a powerful cryptocurrency derivatives exchange built by and for traders, today announced it has raised $8 million in funding from Proof of Capital, Consensus Lab, FBG, and Galois Capital.

Incubated by Alameda Research, a quantitative trading firm that trades up to $1 billion per day and manages over $100 million in digital assets, FTX was developed by a highly experienced team of traders from traditional financial institutions like Jane Street, Susquehanna, and Optiver. FTX provides traders and investment professionals with the most sophisticated futures trading exchange in the digital asset world. Its intuitive and easy-to-use platform offers futures trading, leveraged tokens, and an OTC portal.

“I’m personally very passionate about trading, so FTX is a platform built by traders, for traders,” said Sam Bankman-Fried, co-founder and CEO of FTX. “In creating FTX, I wanted to build a platform for professional traders like…

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