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FTX

ftx.com

Founded Year

2018

Stage

Series C | Dead

Total Raised

$1.829B

Last Raised

$400M

Revenue

$0000 

About FTX

FTX is a cryptocurrency exchange for traders. It offers products such as derivatives, options and volatility products, tokenized stocks, prediction markets, leveraged tokens, and an over-the-counter (OTC) desk. The company was founded in 2018 and is based in the Bahamas.

Headquarters Location

Veridian Corporate Center Building 27, Western Road

Bahamas

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Expert Collections containing FTX

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

FTX is included in 4 Expert Collections, including Blockchain.

B

Blockchain

6,205 items

Companies and startups in this collection leverage blockchain technology for crypto trading, decentralized finance (DeFi), NFTs, and more.

F

Fintech

8,175 items

F

Fintech 250

250 items

250 of the top fintech companies transforming financial services

B

Blockchain 50

50 items

Latest FTX News

FTX Trading Bankruptcy: Protecting Your Company's Interests

Feb 2, 2023

NEW YORK, NY, Feb 2, 2023 - (ACN Newswire) - Zuber Lawler is representing entities who received investments from Alameda Research and FTX Ventures. Alameda Research and several other FTX-related entities have filed bankruptcy proceedings in Delaware. These multiple filings are all being administered under one matter, In re FTX Trading, USBC Case No. 22-11068. Most first and second day motions have been heard and either have been granted or are currently pending. Things are moving forward. On January 18, 2023, FTX debtors moved for an order authorizing and approving procedures for a sale or transfer of what they have termed as "de minimis assets." FTX debtors define "de minimis assets" as investments and/or interests held by FTX debtors, including Alameda Research, in privately held companies, which (according to FTX debtors) can be easily separated from the debtors' core operations, will not disrupt the core operations, and will generate less value to the estate than other assets. FTX debtors state that the de minimis category includes approximately 185 investments made for $1 million and below, approximately 75 investments made between $1 million and $5 million each and approximately 40 investments made between $5 million and $25 million each. Notably, FTX debtors state that they are in the process of a "strategic review" of the de minimis assets, including the potential for repurchasing of debtor interests by investees or other investors in these investments. Although they have not identified these assets specifically, FTX debtors wish to have the court approve an established and expedited procedure for the sale/transfer of these types or category of assets, without the need of moving the court or getting court approval for each sale, but with the oversight of the Official Committee. Put in other words, they wish to get authorization to proceed with these individual sales "off line," and without the need of going through the motion procedure for each specific asset or asset group. If Alameda Research or any other FTX entity invested in your company, that investment will likely be categorized as a "de minimis asset," subject to this motion, and will now be up for sale through the bankruptcy process. Through that process, you may be asked (compelled) to make public otherwise confidential information in order to facilitate the public auction or sale of those securities or assets. You may also be at risk of a competitor (or other unsuitable purchaser) buying an interest in your company, and in doing so, potentially obtaining other information and management rights. Even without such a sale of assets, you may now have questions around who you may need to provide information and notices to on an on-going basis, as well has who you may need to obtain consent from in order to take actions subject to restrictive covenants in your investment documents. The situation is even more complicated for issuers of SAFTs or other digital assets that may be subject to inconsistent regulation as a security (or not) across various jurisdictions (since the location of the purchaser may impact whether the SAFT/token issuer is subject to US securities law). Zuber Lawler is in a unique position to provide the described representation. We have represented a large number of clients with operations across the entire scope of distributed ledger technology. Our clients include token issuers (fungible and non-fungible), digital asset platforms and providers of related services, as well as traditional companies (and government entities) who look to understand and enter the digital asset space. A large number of our clients are not domiciled in the United States and we are extremely familiar with the concerns these clients face. In fact several of our existing clients will be part of the ad hoc group. While we cannot make any promise of any particular result, we expect that we will be better positioned to provide the representation described above than any other firm in the United States. If your company sold investment assets to Alameda Research or FTX Ventures, please reach out to Josh Lawler at Jlawler@zuberlawler.com to set a time for a short video conference to discuss specifics relating to your situation at no charge. *Attorney Advertisement - Prior Results Do Not Guarantee a Similar Outcome. For more information, visit https://ZuberLawler.com . Source: Plato Data Intelligence: https://PlatoAistream.com Topic: Press release summary

FTX Frequently Asked Questions (FAQ)

  • When was FTX founded?

    FTX was founded in 2018.

  • What is FTX's latest funding round?

    FTX's latest funding round is Series C.

  • How much did FTX raise?

    FTX raised a total of $1.829B.

  • Who are the investors of FTX?

    Investors of FTX include Lightspeed Venture Partners, Temasek, SoftBank , Tiger Global Management, New Enterprise Associates and 38 more.

  • Who are FTX's competitors?

    Competitors of FTX include BitGo, Blockchain.com, Copper.co, Huobi Global, KuCoin, Xena Exchange, FalconX, BlockFi, Bitcoin Suisse, Elwood Technologies and 31 more.

Compare FTX to Competitors

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Binance

Binance provides a blockchain-based platform to facilitate cryptocurrency exchange. The platform offers its users access to a range of blockchain/DLT technologies, assisting clients to trade across multiple digital currency pairs. The company was founded in 2017 and is based in Vilnius, Lithuania.

Kraken Logo
Kraken

Kraken is a global bitcoin exchange that allows users to trade USD, CAD, ETH, XRP, LTC and other digital currencies. The company was founded in 2011 and is based in San Francisco, California.

Paxos Logo
Paxos

Paxos, parent company of the bitcoin trading service itBit, is a financial technology company delivering blockchain solutions for global financial institutions. Its flagship product is Bankchain, a next-generation platform-as-a-service (PaaS) blockchain settlement solution that is transforming post-trade across capital markets. Bankchain delivers instantaneous settlement and greater automation, offering market participants reduced counterparty risk, lower capital requirements and increased operational efficiencies.

BlockFi Logo
BlockFi

BlockFi is a financial services company focused on building products for cryptocurrencies. BlockFi’s offerings include interest-earning accounts, low-cost USD loans secured by crypto, and zero-fee trading. BlockFi is backed by institutional investors and operates with a focus on compliance with U.S. laws and regulations. The company was founded in 2017 and is based in Jersey City, New Jersey.

Anchorage Digital Logo
Anchorage Digital

Anchorage is a digital asset custodian engineered to provide security and the benefits of asset accessibility, including capturing yield from staking and inflation, voting, auditing proof of existence, and fast transactions.

F
Fidelity Digital Asset Services

Fidelity Digital Asset Services offers U.S.-based institutional customers a full-service enterprise-grade platform for securing, trading and supporting digital assets, such as bitcoin. Fidelity Digital Assets combines the operational and technical capabilities of the broader Fidelity organization with dedicated blockchain expertise to deliver a completely new offering for institutional investors.

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