December 26th, 2025
Three months after a $1 billion funding round, crypto exchange FTX raised $420M in another round. The funds will be used for expansion and operation improvements.
FTX will be responsible for supporting all leading ICC events till 2023 beginning with the first match series that is scheduled to commence from October 17th.
FTX.US also plans to start supporting NFTs on the Ethereum blockchain soon.
Sam Bankman-Fried mentioned that FTX was considering ways to attract the mainstream audience to its platform. Such deals can facilitate this.
Steph Curry would also be working as the global ambassador for the exchange.
According to the CEO, creators can make their own NFTs, list them for trade on the FTX platform, as the crypto exchange plans to open deposits and withdrawals within the next couple of weeks.
It is important to note that despite the acquisition, no material impact is expected to occur on LedgerX operations as it will continue to provide its current offerings to its existing customer base.
Not only would FTX rename the Cal stadium, both entities hope that the deal with transcend athletics and also impact the local community.
As the regulatory landscape evolves, the FTX.US is trying to into offering crypto services for institutional players in the market.
FTX’s recent collaboration with Shark Tank investors Kevin O’Leary will help it to expand its brand presence among institutional investors.
As part of the deal, crypto exchange FTX gets lifetime naming rights to their Sponsor-a-Scholar accounts on Axie Infinity.
FTX crypto exchange will be sponsoring the league of legends esports series for the next seven years.
FTX will be partnering with Dolphin Entertainment to offer an NFT-based marketplace for major sports and entertainment brands.
Blockchain infrastructure company Paxos named high-end investors such as Bank of America, FTX, Coinbase Ventures, and Founders Fund as participants of its series D funding round worth $300M.
By uniting the brand identity, FTX is looking to rival Coinbase and other major trading platforms.