The round saw participation from more than 60 investors,
including venture capital firm Sequoia Capital, private equity giant Thoma
Bravo, Daniel Loeb's Third Point, the Paul Tudor Jones family, and British
hedge fund manager Alan Howard.
The latest funding comes as investor sentiment towards
cryptocurrencies has somewhat soured after an initial euphoria earlier this
year due to mounting regulatory concerns globally.
Binance, another major cryptocurrency exchange, has faced
scrutiny from regulators in Britain, Germany, Japan, and Hong Kong. The United
States is also investigating the exchange, according to a media report.
The tightening scrutiny has weighed on Bitcoin's price, with
the most popular cryptocurrency on Tuesday falling below $30,000 for the first
time in a month.
Founded and led by Sam Bankman-Fried, a 29-year-old crypto
billionaire, FTX is the owner and operator of the FTX.COM cryptocurrency
exchange.
The two-year-old company said it has more than 1 million
users and averages about $10 billion in trading volume per day, with revenue
surging more than tenfold this year.
FTX, which also counts celebrity couple Tom Brady and Gisele
Bundchen among its backers, caters to a wide variety of traders, including
retail investors, family offices and institutional traders.
It plans to use the fresh infusion of funds to expand its
product offerings and for other investments.
Coinbase Ventures, the venture arm of recently listed
cryptocurrency exchange Coinbase Global, also participated in the funding
round.
© Reuters
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