FTX, a crypto-exchange for trading derivatives, and collects in a Seed financing of US $ 8 million investment funds. The company offers OFC-Services. Among the investors well-known Venture Capital firms, such as Consensus Lab. Known FTX has been recently mainly due to the launch of the “Shitcoin Index Perpetual Futures.”
From Polina Khubbeeva
8. August 2019BTC$11.770,00 -1.74% part Facebook Twitter LinkedIn xing mail
FTX, a crypto Start-up based in Antigua and Barbuda, gathered with a Seed-financing round of US $ 8 million from venture capital investors. This is, among others, from a Medium-Post Proof-of-Capital-partners Chris McCann, from the 6. August, whose company has participated in the financing. Under a Seed-funding is a early company funding a lot of Start-ups promise to risk capital.
The company is a derivatives and Futures specialized crypto-exchange. It also provides OTC Services, so over-the-counter “Over-The-Counter”trading opportunities for crypto-currencies. Was founded in FTX of traders of traditional financial structures, such as the Wallstreet, as well as experienced IT-pioneers from Silicon Valley. Its origins go back to the year 2017. At that time, the FTX Team founded-namely, Alameda Research. The global Trading platform today has a daily trade volume of up to one billion US dollars. Also launched FTX a Utility Token called FTT.
FTX-investors see Potential in the Asian Futures market
The Seed-round of financing was led by numerous well-known Venture Capital firm. Among them are, besides the Proof-of-Capital Consensus Lab, FBG and Galois Capital.
Proof-of-Capital has a value of about 50 million US dollars and comes from a cooperation of numerous companies. These are also supported by YouTube Co-Founder Steve Chen. McCann grounded in the Post, the decision to support FTX, among other things, with the opening Futures market in Asia. He argued that the spot market (i.e. the market for non-terminated crypto products), despite the numerous companies that are focused on Immediately-trade, less trade volume than the futures market.
Proof-of-Capital currencies supported, in addition to FTX other companies in the area of Blockchain and Crypto. The company is involved in, for example, to Urbanx, a Banking project for a Fiat-crypto trading in Latin America.
FTX launched the “Shitcoin Futures Index”
Media attention FTX woke last with his Index SHIT-PERP, short for “Shitcoin Index Perpetual Futures”. This lists the 58 Coins with a low market capitalization and are of particular interest to investors who want to shorten such a Low Cap Coins in General.
Attention: The crypto-compass is the first digital magazine for digital currencies and Blockchain Assets. He provides you with monthly exclusive assessments, Insights and comprehensive analysis of the current situation on the Blockchain- & crypto-markets. Only now and only for as long as the stock enough: In the Abo incl. FREE Bitcoin-T-Shirt
More:
CFTC conducts investigations against BitMEX a Bakkt Bitcoin Futures: the lining for the bulls, Ernst & Young receives 49 million US dollars for Blockchain-promotion#FTX#Funding#Futures
