Advertisement
AD

Main navigation

Paul Tudor Jones Takes Part in $900 Million Funding Round of Major Cryptocurrency Exchange

Advertisement
Tue, 20/07/2021 - 17:38
Paul Tudor Jones Takes Part in $900 Million Funding Round of Major Cryptocurrency Exchange
Cover image via stock.adobe.com
Read U.TODAY on
Google News

The family of legendary hedge fund manager Paul Tudor Jones took part in the $900 million Series B of cryptocurrency exchange FTX, Forbes reports.  

The record-shattering funding round also included such big-name investors as British billionaire Alan Howard, Softbank, Sequoia Capital, Circle, and VanEck.  

Meanwhile, Binance, an early backer of the rival exchange, got rid of its entire stake in the company, according to CEO Changpeng Zhao:

Advertisement

We’ve seen tremendous growth from them, we're very happy with that but we’ve exited completely.

Related
FTX CEO Predicts How GBTC Unlock Could Affect Bitcoin Amid Bearish Calls
The Hong Kong-based exchange—which launched operations back in May 2019— is currently valued at an eye-popping $18 billion.

Despite being a relative newcomer to the crypto industry, the upstart trading exchange has already achieved decent brand recognition because of its major sponsorship deals.

FTX CEO Sam Bankman-Fried has solidified his status as the richest known individual in crypto with an estimated net worth of $16.2 billion. 

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD