Seeking Alpha
2022-01-14 14:45:22

FTX Trading forms $2B venture fund for crypto startups - WSJ

Cryptocurrency exchange FTX Trading launches a $2B venture fund to focus on digital asset startups, the company told the Wall Street Journal. FTX Ventures' investments in these startups could range from as little as $100K to hundreds of millions of dollars, Amy Wu, the fund's chief, told the WSJ. "We could possibly deploy it all [by] next year but it depends on the opportunities we see in the market," she adds. Recall FTX was recently valued at $25B after raising $420M through a funding round. Amy Wu, who will also head FTX's mergers and acquisitions, partnerships and gaming initiatives, is keen on investing in crypto gaming companies, in addition to security and insurance products for crypto through FTX Ventures, she told the WSJ. FTX Ventures joins a raft of other crypto funds, including Coinbase Ventures (NASDAQ:COIN), and Binance Labs, part of crypto exchange Binance, which said in 2018 it would invest

获取加密通讯
阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约