Crypto Firm FTX Valued at $18 Billion as SoftBank, Ribbit Invest

Crypto derivatives exchange FTX has completed a series B fundraising round of $900 million that values the company at $18 billion.

Investors in the round included SoftBank Group Corp., the Paul Tudor Jones family, Alan Howard, Coinbase Ventures and Sequoia Capital, according to a statement from the firm. Paradigm, Thoma Bravo, Ribbit Capital, Insight Partners, Third Point, Lightspeed Venture Partners, Altimeter, BOND, NEA, Willoughby Capital, 40North, Senator Investment Group, Sino Global Capital, Multicoin, Izzy Englander, VanEck, Hudson River Trading and Circle also participated in the round that included more than 60 investors, the statement said.

FTX primarily ...