
April 18th, 2025
The massive reward from the FTX.US will be distributed to four people, who will need to open their FTX.US accounts to avail their prizes.
A major implication of the growing popularity of digital currencies, according to the KPMG report, is that sovereign countries through their Central Banks are now beginning to harness ways to develop a digital currency to integrate into the economy.
Amid the crypto market slump that 2022, some startups and ventures in the space are still commanding large amounts in funding.
The news of the purchase of Liquid Group by FTX came about 24 hours after the crypto exchange generated $400 million in a Series C financing round.
FTX CEO Sam Bankman-Fried said that he shall be using these funds for expanding the global reach. In less than eight months, FTX has raised a staggering $1.8 billion with company valuations growing 2x.
In an attempt to further broaden its horizon, FTX US made a dive into the NFT space, the crypto niche that witnessed tremendous growth in 2021.
The fund will notably back new projects with a little as $100,000 to hundreds of millions of dollars.
Let’s have a look at the list of the NFT marketplaces that have all chances to become strong rivals for OpenSea this year.
FTX US earlier became the first-ever NFT marketplace to list Ethereum and Solana-based NFTs.
While the exact terms of the deal were not made public, the partnership will make FTX US the exclusive NFT partner of MSE.
The second-biggest year for crypto investment was in 2018. At that time, around $8 billion investment went into digital currencies.
Both parties will benefit from the partnership. Nuvei will expand its influence and strengthen its reputation after last week’s failure on the market. Meanwhile, FTX will offer its users access to Nuvei’s advanced payment solutions, allowing them to buy cryptos much faster.
The FTX Derivatives exchange deal with the Golden State Warriors trails similar deals being pursued by other digital currency trading platforms including Coinbase Global and Crypto.com amongst others.
Crypto exchange FTX is pegging new funding at 39% higher valuations from its October 2021 levels.
While funding is geared at expansion and having enough liquidity for operations, the projected Gemini Exchange funds raised are billed to be used to power its growth plans, as the chances for acquisitions are not being ruled out.