FTX TRADING LTD.

FTX Proposes Joint Plan to Offer Early Liquidity to Voyager Digital's Customers in Bankruptcy Proceeding

Retrieved on:

Friday, July 22, 2022

CEO, FTX, Bankruptcy, OTC, LLC, Chapter 11, Title 11, United States Code, Letter, Documentation, Voyager, Industry, Cryptocurrency, Insurance

Under the joint proposal, customers of Voyager would have the opportunity to start a new account with FTX with an opening cash balance funded by an early distribution on a portion of their bankruptcy claims.

Key Points:

Under the joint proposal, customers of Voyager would have the opportunity to start a new account with FTX with an opening cash balance funded by an early distribution on a portion of their bankruptcy claims.
Customers would be able to withdraw their cash immediately, or use it to purchase digital assets on the FTX platform.
Neither FTX nor other participants in the joint proposal would be acquiring Voyager's loans to Three Arrows Capital or related litigation claims.
"Voyager's customers did not choose to be bankruptcy investors holding unsecured claims," says Sam Bankman-Fried, CEO of FTX.

FTX Proposes Joint Plan to Offer Early Liquidity to Voyager Digital's Customers in Bankruptcy Proceeding

Retrieved on:

Friday, July 22, 2022

CEO, FTX, Bankruptcy, OTC, LLC, Chapter 11, Title 11, United States Code, Letter, Documentation, Voyager, Industry, Cryptocurrency, Insurance

Under the joint proposal, customers of Voyager would have the opportunity to start a new account with FTX with an opening cash balance funded by an early distribution on a portion of their bankruptcy claims.

Key Points:

Under the joint proposal, customers of Voyager would have the opportunity to start a new account with FTX with an opening cash balance funded by an early distribution on a portion of their bankruptcy claims.
Customers would be able to withdraw their cash immediately, or use it to purchase digital assets on the FTX platform.
Neither FTX nor other participants in the joint proposal would be acquiring Voyager's loans to Three Arrows Capital or related litigation claims.
"Voyager's customers did not choose to be bankruptcy investors holding unsecured claims," says Sam Bankman-Fried, CEO of FTX.

Naomi Osaka, World-Renowned Tennis Player and Activist, Becomes Global Ambassador and Shareholder of FTX with Long-Term Partnership to Increase Access and Opportunity for Women in Crypto

Retrieved on:

Monday, March 21, 2022

LOS ANGELES, March 21, 2022 /PRNewswire/ -- FTX Trading Limited, and West Realm Shires Inc., the companies behind FTX.US and FTX.COM respectively (collectively referred to as "FTX"), today announced a long-term partnership with four-time Grand Slam singles champion, Naomi Osaka. In addition to becoming an FTX global ambassador, Osaka will receive an equity stake in FTX Trading Limited and will be receiving compensation in crypto.

Key Points:

In addition to becoming an FTX global ambassador, Osaka will receive an equity stake in FTX Trading Limited and will be receiving compensation in crypto.
The four time Grand Slam singles champion will focus on bringing women onto the platform and into the future of Web3.
In addition to her record-breaking tennis career, Osaka is known for championing social justice causes and raising mental health awareness.
A global icon, Naomi Osaka will become one of the first major female professional athletes to partner with FTX.

FTX Establishes Local Presence in Australia

Retrieved on:

Sunday, March 20, 2022

Multimedia, Industry, Company, Australian Financial Services Licence, The Company, Policy, FTX, News, Contract for difference, OTC, CEO, Security (finance), Cryptocurrency

SYDNEY, March 20, 2022 /PRNewswire/ -- FTX Trading Limited ("FTX") the leading global cryptocurrency exchange, today announced the establishment of FTX Australia Pty Ltd ("FTX Australia" or "the Company"), marking an essential chapter in FTX's continued global expansion.

Key Points:

SYDNEY, March 20, 2022 /PRNewswire/ -- FTX Trading Limited ("FTX") the leading global cryptocurrency exchange, today announced the establishment of FTX Australia Pty Ltd ("FTX Australia" or "the Company"), marking an essential chapter in FTX's continued global expansion.
The establishment of FTX Australia should provide all our local clients with the confidence of trading on a registered and licensed platform.
The establishment of FTX Australia highlights FTX's long-term commitment to the local market and represents the natural next step in the FTX's global expansion.
FTX Australia will be headquartered in Sydney, the financial centre of Australia.

FTX Continues Global Expansion with the Establishment of FTX Europe

Retrieved on:

Monday, March 7, 2022

Crypto, OTC, Industry, Public sector banks in India, FTX, News, MENA, Multimedia, Company, European Economic Area, CEO, Technology, Union, Cryptocurrency, Tourism

HERISAU, Switzerland, March 7, 2022 /PRNewswire/ --FTX Trading Limited ("FTX") a leading global cryptocurrency exchange, today announced the establishment of FTX Europe ("FTX Europe" or "the Company"), marking the next phase of the Company's global expansion, by extending its presence into Europe and the Middle East.

Key Points:

HERISAU, Switzerland, March 7, 2022 /PRNewswire/ --FTX Trading Limited ("FTX") a leading global cryptocurrency exchange, today announced the establishment of FTX Europe ("FTX Europe" or "the Company"), marking the next phase of the Company's global expansion, by extending its presence into Europe and the Middle East.
FTX Europe will now start offering FTX's leading products and services to European clients via a licensed investment firm with passportable licenses across the European economic area.
FTX Europe with it's holding company in Switzerland, is the European and Middle East division of FTX, a cryptocurrency exchange built by traders, for traders.
To learn more about FTX Europe & MENA, please visit: https://ftx.com/eu
FTX is a cryptocurrency exchange built by traders, for traders.

FTX Continues Global Expansion with the Establishment of FTX Europe

Retrieved on:

Monday, March 7, 2022

Crypto, OTC, Industry, Public sector banks in India, FTX, News, MENA, Company, European Economic Area, CEO, Technology, Union, Cryptocurrency, Tourism

HERISAU, Switzerland, March 7, 2022 /PRNewswire/ -- FTX Trading Limited ("FTX") a leading global cryptocurrency exchange, today announced the establishment of FTX Europe ("FTX Europe" or "the Company"), marking the next phase of the Company's global expansion, by extending its presence into Europe and the Middle East. The Company has secured the approval from the Cyprus Financial Market Regulator CySEC through its ftx.com/eu domain.

Key Points:

HERISAU, Switzerland, March 7, 2022 /PRNewswire/ --FTX Trading Limited ("FTX") a leading global cryptocurrency exchange, today announced the establishment of FTX Europe ("FTX Europe" or "the Company"), marking the next phase of the Company's global expansion, by extending its presence into Europe and the Middle East.
FTX Europe will now start offering FTX's leading products and services to European clients via a licensed investment firm with passportable licenses across the European economic area.
FTX Europe with it's holding company in Switzerland, is the European and Middle East division of FTX, a cryptocurrency exchange built by traders, for traders.
To learn more about FTX Europe & MENA, please visit: https://ftx.com/eu
FTX is a cryptocurrency exchange built by traders, for traders.

FTX Trading Ltd. Closes $400M Series C Round

Retrieved on:

Monday, January 31, 2022

IVP, NEA, Lightspeed Venture Partners, Adoption, Series, Company, Tiger Global Management, FTX, Industry, Multimedia, OTC, Insight Partners, Auction, Cryptocurrency, Temasek

NASSAU, Bahamas, Jan. 31, 2022 /PRNewswire/ -- FTX Trading Ltd. ("FTX" or "the Company"), owner and operator of FTX.COM, today announced the closing of a $400 million Series C fundraise, increasing the valuation of the Company to $32 million.

Key Points:

NASSAU, Bahamas, Jan. 31, 2022 /PRNewswire/ -- FTX Trading Ltd. ("FTX" or "the Company"), owner and operator of FTX.COM, today announced the closing of a $400 million Series C fundraise, increasing the valuation of the Company to $32 million.
The Company also disclosed that all investors involved in the Series C raise simultaneously participated in the previously announced FTX US Series A funding round, which valued FTX US at $8 billion.
The Series C round is the third fundraise to occur in the past six months for FTX.COM, bringing the total amount raised to $1.8 billion with FTX's valuation increasing by over 75% in that period.
FTX CEO, Sam Bankman-Fried commented, "Our Series C financing round represents a milestone achievement for FTX, as we raised close to $2 billion in six months.

FTX launches $2 billion Ventures fund, hires former Lightspeed Partner Amy Wu

Retrieved on:

Friday, January 14, 2022

We strive to do the same at FTX Ventures and are excited to find the brightest minds and disruptive innovation in tech," says Sam Bankman-Fried.

Key Points:

We strive to do the same at FTX Ventures and are excited to find the brightest minds and disruptive innovation in tech," says Sam Bankman-Fried.
Alongside the Fund's launch, crypto investor Amy Wu joined FTX to lead Ventures, gaming, M&A and commercial initiatives.
Amy was most recently a Partner at Lightspeed Venture Partners, a $10B+ multi-stage venture fund, where she led crypto and gaming investments, including the fund's investment in FTX.
FTX Ventures will launch with a team of eight, including General Partner Ramnik Arora, Advisor Armani Ferrante, and others.

FTX Trading Ltd. Closes $420 Million Series B-1 Funding Round

Retrieved on:

Thursday, October 21, 2021

Sam Bankman-Fried, CEO of FTX, commented on the news, "We founded FTX two years ago with the idea of creating a better financial marketplace.

Key Points:

Sam Bankman-Fried, CEO of FTX, commented on the news, "We founded FTX two years ago with the idea of creating a better financial marketplace.
For this round, we capitalized on those strides and were able to partner with investors that prioritize positioning FTX as the world's most transparent and compliant cryptocurrency exchange."
Since July, FTX established its global headquarters in the Bahamas and secured licenses under new regulatory frameworks in the Bahamas and Gibraltar.
Additionally, the Company's US-affiliate, FTX US, acquired CFTC regulated digital currency futures & options exchange and clearinghouse, LedgerX, and has recently launched a global NFT marketplace, FTX NFTs.

FTX Trading Ltd. Closes $420 Million Series B-1 Funding Round

Retrieved on:

Thursday, October 21, 2021

NASSAU, Bahamas, Oct. 21, 2021 /PRNewswire/ -- FTX Trading Ltd. ("FTX" or "the Company"), owner and operator of FTX.COM, a leading global cryptocurrency exchange, today announced the closing of a $420,690,000 Series B-1 fundraise, increasing the valuation of the Company to $25 billion. The round saw the participation of 69 investors, including Ontario Teachers' Pension Plan Board, via its Teachers' Innovation Platform, Temasek, Sequoia Capital, Sea Capital, IVP, ICONIQ Growth, Tiger Global, Ribbit Capital, Lightspeed Venture Partners and funds and accounts managed by BlackRock.

Key Points:

Sam Bankman-Fried, CEO of FTX, commented on the news, "We founded FTX two years ago with the idea of creating a better financial marketplace.
For this round, we capitalized on those strides and were able to partner with investors that prioritize positioning FTX as the world's most transparent and compliant cryptocurrency exchange."
Since July, FTX established its global headquarters in the Bahamas and secured licenses under new regulatory frameworks in the Bahamas and Gibraltar.
Additionally, the Company's US-affiliate, FTX US, acquired CFTC regulated digital currency futures & options exchange and clearinghouse, LedgerX, and has recently launched a global NFT marketplace, FTX NFTs.