The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Valuation of Crypto Exchange FTX Surges to $18,000,000,000 After Closing Series B Round

by Daily Hodl Staff
July 22, 2021
in Altcoins, Bitcoin

Crypto exchange FTX is now worth $18 billion after closing $900 million in a Series B funding round.

Over 60 investors participated in the funding round, including Sequoia Capital, Coinbase Ventures, and the Paul Tudor Jones family. It is the first large funding round for FTX, a two-year-old company.

FTX says that the newly raised funds will allow it to expand its product offerings and user base.

The exchange currently caters to over 1 million users and facilitates an average of over $10 billion in daily trading volume.

Last year, FTX raised funds in a Series A funding round and has since grown its revenue by 75 times.

In an interview on CNBC, FTX founder Sam Bankman-Fried says FTX is focused on moving the industry forward.

“It was really just a lot of small things put together, a lot of decisions that we’ve made around how to build a product, trying to be as responsive as we can to customers, to regulators, to counterparties. And honestly, from our perspective, it sometimes feels like the world is just going sort of in slow motion around us, and that we’re going at about an average speed by our standards…

We have a fully rebuilt risk and margin system that lets users cross margin everything on the platform in a really simple manner. We’ve built out a ton of different products, and a large fraction of these are new innovative releases in the space. We’ve tried to push forward with what our customers want and deliver that to them.

And one thing I’ll say is that we have been catering particularly to the power user. But it’s easier, once you have that, to build out a product for the consumer than the other way around.”

l
Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Jurik Peter

Submit a Press Release

Industry Announcements

  • MultiBank Group To List MBG Token on Gate.io and MEXC During Official Token Generation Event
    July 18, 2025
  • GSR Leads $100 Million Private Placement Into Nasdaq-Listed MEI Pharma To Launch First Institutional Litecoin Treasury Strategy Alongside Charlie Lee
    July 18, 2025
  • KuCoin Launches xStocks, Delivering a One-Stop Access Point to Top Global Tokenized Equities
    July 18, 2025
  • PlayW3 Unleashes ‘Be the Boss,’ a New On-Chain Business Model That Turns Creators Into Owners – Over $320,000 Already Paid Out
    July 17, 2025
  • Streamex (BSGM) CEO Henry McPhie Highlights BSGM Merger and RWA Tokenization Strategy in Live TV Interview
    July 17, 2025
  • Numerai Announces $1 Million Strategic Buyback of NMR
    July 17, 2025
  • Bit Origin Secures $500 Million Equity and Debt Facilities To Launch Dogecoin Treasury
    July 17, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$118,178.66
$118,178.66
1.01%
Ethereum
$3,561.49
$3,561.49
1.79%
BNB
$730.53
$730.53
1.43%
Solana
$176.70
$176.70
2.7%
XRP
$3.45
$3.45
1.6%

Spotlight

  • Bitcoin Could Explode by 112% Before End of Year, According to Analyst Michaël van de Poppe – But There’s a Catch
    July 12, 2025
  • Financial Giant Handing up to $5,000 per Person in Data Breach Settlement After Names, Social Security Numbers and More Exposed
    July 12, 2025
  • Bitwise CIO Says Bitcoin Sellers Are Almost Exhausted, Doubles Down on $200,000 Bitcoin Price Target – Here’s His Timeline
    July 12, 2025
  • Football Pro Loses $240,000 in JPMorgan Chase Bank Scam, Triggering Inside Job Inquiry: Report
    July 12, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl