FTX US Closes $400M Series A Funding At $8 Billion Valuation


West Realm Shires Services Inc. (FTX US), a US-regulated cryptocurrency exchange, closed a $400M Series A funding valuing the company at $8 Billion.

The round saw participation from Paradigm, Temasek, NEA, Multicoin Capital, Tribe Capital, Ontario Teachers’ Pension Plan Board, SoftBank Vision Fund 2, Greenoaks Capital, Steadview Capital, and Lightspeed Venture Partners, amongst others.

The funds will allow the company to further grow its user base, bolster its derivatives efforts, launch new business lines, make strategic investments and acquisitions in key verticals and expand its network of partnerships.

FTX US is led by Brett Harrison, President.