FTX is a cryptocurrency exchange company.
In July 2021, FTX raised $900 million at a $18 billion valuation from over 60 investors, including Softbank, Sequoia Capital, Third Point Management, Paul Tudor Jones, and Alan Howard. Binance, a competitor which invested in the company in 2020, divested of its share in 2021.
In July 2021, FTX raised $900 million at a $18 billion valuation from over 60 investors, including Softbank, Sequoia Capital, Third Point Management, Paul Tudor Jones, and Alan Howard. Binance, a competitor which invested in the company in 2020, divested of its share in 2021.
In September 2021,In September 2021, FTX moved their headquarters from Hong Kong to The Bahamas.
On January 14, 2022On January 14, 2022, FTX announced a $2 billion venture fund, named FTX Ventures.
On June 4, 2021, FTX announced a 10-year, $210 million naming rights deal with TSM, a competitive video game team, who officially changed their name to Team SoloMid FTX. On June 23, 2021, FTX announced a partnership with Major League Baseball. As part of the deal, the FTX logo is featured on the uniforms of the umpires. On June 29, 2021, Tom Brady, an American football player in the NFL, became an ambassador for FTX. As part of the partnership, Tom Brady and his wife Gisele Bündchen both took equity stakes in FTX.
In August 2021, Kevin O'Leary signed on as official spokesperson for FTX, to be paid for in cryptocurrency which will be managed on FTX's platform. FTX also paid $17.5 million for the naming rights to California Memorial Stadium for ten years.
On June 4, 2021, FTX announced a 10-year, $210 million naming rights deal with TSM, a competitive video game team, who officially changed their name to Team SoloMid FTX. On June 23, 2021, FTX announced a partnership with Major League Baseball. As part of the deal, the FTX logo is featured on the uniforms of the umpires. On June 29, 2021, Tom Brady, an American football player in the NFL, became an ambassador for FTX. As part of the partnership, Tom Brady and his wife Gisele Bündchen both took equity stakes in FTX.
In August 2021, Kevin O'Leary signed on as official spokesperson for FTX, to be paid for in cryptocurrency which will be managed on FTX's platform. FTX also paid $17.5 million for the naming rights to California Memorial Stadium for ten years.
In September 2021,In September 2021, FTX announced a long-term partnership with the Mercedes-AMG Petronas F1 Team that adds the FTX logo to the cars and uniforms of both Lewis Hamilton and Valtteri Bottas. Other FTX brand ambassadors include NBA player Stephen Curry.
In October 2021In October 2021, FTX ventured into Cricket by signing a global deal with International Cricket Council starting with the T20 World Cup held in UAE .