Is FTX investing in crypto-industry startups?

Crypto derivatives exchange FTX has set up a $2 billion fund to invest in crypto-industry startups, the Wall Street Journal reported, citing Amy Wu, who heads the fund. Wu later confirmed the move in a tweet. FTX Ventures is one of the industry's largest funds, the report said.

How has FTX changed over the years?

Since its launch in May 2019, FTX has experienced tremendous growth. The company's revenues have increased over tenfold this year and 75x since its Series A funding round closed in mid 2020. With over 1 million users and averaging over $10B of daily trading volume, FTX has grown into one of the world's leading crypto exchanges.

What is FTX & how does it work?

With over 1 million users and averaging over $10B of daily trading volume, FTX has grown into one of the world's leading crypto exchanges. The platform serves the entire chain of cryptocurrency trading participants from retail and crypto-native investors, to sophisticated day traders, family offices, and experienced institutional traders.