has raised $8 million in funding for its derivatives exchange and trading platform.
Incubated by Alameda Research, a quantitative trading firm that trades up to $1 billion per day and manages over $100 million in digital assets, FTX was developed by an experienced team of traders from traditional financial institutions like Jane Street, Susquehanna, and Optiver. FTX’s motto is “by traders, for traders.”
FTX provides traders and investment professionals with a futures trading exchange for digital assets. Its easy-to-use platform offers futures trading, leveraged tokens, and an over-the-counter (OTC) portal.
The round was led by Proof of Capital, a blockchain-focused fund launched by HTC’s chief decentralized officer Phil Chen; Greylock Capital’s Chris McCann; and 500 Startups partner Edith Yeung. Other investors include Consensus Lab,