Crypto Derivatives Platform FTX Secures $8M In Seed Funding Round

Published at: Aug. 6, 2019

Cryptocurrency derivatives exchange FTX has secured $8 million in its seed round. Major investors include blockchain-focused venture capital fund Proof of Capital and blockchain firm Consensus Lab, among others.

In the blog post published on Aug. 6, Proof of Capital revealed that it had invested in FTX, a firm offering futures, leveraged tokens and over-the-counter trading. Consensus Lab, digital asset management firm in blockchain-based capital market FBG, and crypto hedge fund Galois Capital also provided substantial funding.

FTX’s founding members include officers from leading industry players such as tech-focused trading firm Jane Street, proprietary trading company Optiver, global trading and technology firm Susquehanna International Group, and tech giants Google and Facebook.

Blockchain projects investments gain traction

As previously reported, Proof of Capital recently entered into a partnership with electronics giant HTC, which will allegedly allow Proof of Capital portfolio companies to work with HTC directly to develop services or products for Exodus and potentially other HTC blockchain ventures.

Earlier today, Cointelegraph reported that American crypto lender BlockFi had secured $18.3 million in a funding round led by Valar Ventures. The Series A funding round saw participation from a number of crypto-focused investors, including Winklevoss Capital, Galaxy Digital, ConsenSys Ventures, Akuna Capital, Avon Ventures, Susquehanna, CMT Digital, Morgan Creek and PJC.

The development team behind proof-of-stake blockchain Solana received $20 million in the funding round led by Multicoin Capital, with participation from Distributed Global, Blocktower Capital, Foundation Capital and Blockchange VC, among several other companies.

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