# FTX Trading

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ftx-trading

- Industry: Financial Services
- Headquarters: US
- Website: www.ftx.com/
- Total disclosed funding: $1.7B
- Latest round: Series C (Jan 31, 2022)
- Investors on record: 34

## About

Founded in 2019 and based in Washington, US, FTX Trading LTD., also known as FTX Exchange, develops an online platform that serves as a cryptocurrency derivatives exchange designed for traders. The company was founded by Sam Bankman-Fried (CEO), alongside Gary Wang (CTO). In July 2021, FTX Trading LTD. received its Series B funding from a group of investors that included Paradigm, Sequoia Capital, and Thoma Bravo in July 2021. In October 2021, FTX Trading LTD. raised USD 420.69 million in series B funding from co-led by returning investor Sequoia Capital and Ontario Teachers' Pension Plan.
 
The firm offers a cryptocurrency derivatives exchange platform that is designed for traders. The firm supports quarterly and perpetual features for cryptocurrencies, leveraged tokens, and over-the-counter (OTC), as well as altcoins like Bitcoin (BTC), ether (ETH), Binance coin (BNB), and tether (USDT), and it allows users to trade through its mobile application.
 
FTX Exchange generates revenue by charging trading transaction fees to traders that deduct fees in BTC when buying and selling orders are charged in USD.
 
The company intends to use its Series B funding to expand its global presence and accelerate its growth.

## Funding rounds

- Series C, Jan 31, 2022, $400M — Institutional Venture Partners, Lightspeed Venture Partners, New Enterprise Associates, Temasek Holdings, Insight Partners, Ontario Teachers' Pension Plan, Tiger Global Management, Steadview Capital Management, Titanium Ventures, SB Investment Advisers, Paradigm
- Series B, Oct 18, 2021, $415M — Institutional Venture Partners, Lightspeed Venture Partners, Hong Shan, Temasek Holdings, Ontario Teachers' Pension Plan, Tiger Global Management, BlackRock, ICONIQ Capital, Ribbit Capital, Sea Capital
- Series B, Jul 20, 2021, $891M — Lightspeed Venture Partners, New Enterprise Associates, Hong Shan, Insight Partners, Thoma Bravo, Third Point, VanEck, SoftBank Group, Circle Financial Group, Ribbit Capital, Altimeter Capital, Willoughby Capital, Hudson River Trading, Senator Investment Group, Multicoin Capital, Coinbase Ventures, Bond, Race Capital, Standard Investments, Paradigm, Ryze Labs
- Seed, Aug 6, 2019, $8M — Consensus Lab, FBG Capital, Race Capital, Galois Capital

## Investors

- Consensus Lab — Seed
- FBG Capital — Seed
- Race Capital (https://capitalatlas.ai/funds/race-capital) — Seed, Series B
- Galois Capital — Seed
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series B, Series C
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series B, Series C
- Hong Shan — Series B
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series B, Series C
- Thoma Bravo (https://capitalatlas.ai/funds/thoma-bravo) — Series B
- Third Point (https://capitalatlas.ai/funds/third-point) — Series B
- VanEck (https://capitalatlas.ai/funds/vaneck) — Series B
- SoftBank Group — Series B
- Circle Financial Group — Series B
- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Series B
- Altimeter Capital (https://capitalatlas.ai/funds/altimeter-capital) — Series B
- Willoughby Capital — Series B
- Hudson River Trading — Series B
- Senator Investment Group (https://capitalatlas.ai/funds/senator-investment-group) — Series B
- Multicoin Capital (https://capitalatlas.ai/funds/multicoin-capital) — Series B
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Series B
- Bond (https://capitalatlas.ai/funds/bond) — Series B
- Standard Investments (https://capitalatlas.ai/funds/standard-investments) — Series B
- Paradigm (https://capitalatlas.ai/funds/paradigm) — Series B, Series C
- Ryze Labs (https://capitalatlas.ai/funds/ryze-labs) — Series B
- Institutional Venture Partners (https://capitalatlas.ai/funds/institutional-venture-partners) — Series B, Series C
- Temasek Holdings — Series B, Series C
- Ontario Teachers' Pension Plan — Series B, Series C
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series B, Series C
- BlackRock (https://capitalatlas.ai/funds/blackrock) — Series B
- ICONIQ Capital (https://capitalatlas.ai/funds/iconiq-capital) — Series B
- Sea Capital — Series B
- Steadview Capital Management (https://capitalatlas.ai/funds/steadview-capital-management) — Series C
- Titanium Ventures (https://capitalatlas.ai/funds/titanium-ventures) — Series C
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series C