A cryptocurrency derivatives exchange FTX has raised $8 million in funding from Proof of Capital, Consensus Lab, FBG, and Galois Capital, states the official press release that was shared with iHodl.
The platform provides traders and investment professionals with the most sophisticated futures trading exchange in the digital asset world, notes the announcement.
Sam Bankman-Fried, the Co-Founder and CEO of FTX claims in creating FTX, he wanted to build a platform for professional traders like him, while also bringing crypto trading to the mass market and first-time users.
FTX was founded by a diverse team of Wall Street and Silicon Valley alumni.
Previously Bankman-Fried was a trader on Jane Street Capital’s international ETF desk, where he traded a variety of ETFs, futures, currencies, and equities and helped design the firm’s automated OTC trading system.
At press time, FTX supports bitcoin (EXANTE: BTC.EXANTE), ether (ETH), binance coin (BNB), and tether (USDT).
Earlier iHodl reported that cryptocurrency subsidiary of Overstock.com, tZERO, received a patent by the U.S. Patent and Trademark Office for the Time Ordered Merkle Epoch (TOME) methodology.
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