FTX Trading raises $400 million in Series C funding round
The latest funding round has increased FTX Trading’s valuation to $32 billion.
The latest funding round has increased FTX Trading’s valuation to $32 billion.
The prime crypto brokerage loaned $50 billion to institutional borrowers including hedge funds last quarter, while crypto derivatives trading on the platform also hit record levels.
The quantitative trading firm joins Flow Traders, Jane Street and Virtu Financial who have also agreed to provide liquidity for platform.
As part of the partnership, ICE’s network will give market participants access to high-quality crypto data.
The acquisition of the trading technology platform will allow the crypto exchange to fully launch its Gemini Prime service, due to be rolled out in the second quarter.
MSCI’s partnership with Menai Financial Group is its first digital asset focused collaboration and will focus on developing institutional tools.
He joins the crypto-focused investment fund as a strategic advisor after previously leading the CFTC as chairman and commissioner for five years.
Following increased activity in digital assets from traditional institutional investors, the market structure is evolving to meet their needs and preferences.
Initial trade completed with Goldman Sachs and market makers including DRW, Flow Traders and Jane Street.
These industry participants expect institutional demand for digital assets to continue to rise in the next year along with the growing trend of decentralised finance (DeFi).