This article comes fromDecrypt, Original Author: Andrew Hayward

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• , Original Author: Andrew Hayward

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secondary titleSummary:FTX US completed $400 million in Series A funding at a valuation of $8 billion.

FTX US plans to expand its range of derivatives products, add stock trading, and provide NFT gaming infrastructure.American cryptocurrency exchange FTX US announced today that it has completed a $400 million Series A round of financing, valuing the company at $8 billion.

Investors in this round of financing include Paradig, Temasek, Multicoin Capital, Lightspeed Venture Partners, and SoftBank Vision Fund 2, among others. In October last year, FTX US parent company

FTX Completes $420.69 Million Financing

, valued at $25 billion.

The Information reported in December that, FTX is seeking a total of $1.5 billion in financing for its global and U.S. operations, a move that would value FTX and FTX US at $32 billion and $8 billion, respectively. While the valuation of the latter has been confirmed, FTX has not yet announced additional funding for other businesses.Brett Harrison, president of FTX US, told Decrypt that the U.S. exchange started 2021 with about 10,000 customers and an average daily spot volume of $1 million. By the end of last year, it had 1.2 million users and a daily transaction volume of about $350 million, he said.Harrison said it could also explore further strategic acquisitions, whether for licenses for new businesses, such as。

looking to the future

FTX US Acquires LedgerX Derivatives Platform

like that; or to get more customers, likeFTX Acquires Blockfolio Appssecondary title

looking to the future

Harrison also cited FTX NFTs as a major driver of attracting new customers, with the unit launching Solana and an ethereum NFT marketplace last year. He described NFTs as a "great starter tool" that can bring people into the crypto space. These people may not understand the nuances of blockchain networks or token economics, but are interested in art and digital collectibles.Harrison said the platform launched in December last year from NBA players and FTX global ambassadors.Steph Curry's NFT

Collectibles, which give FTX US the largest traffic ever.

Going forward, FTX US aims to expand its derivatives business. Harrison noted that only about 2% of all crypto derivatives trades take place on major U.S. platforms. FTX US plans to launch margin, crypto futures and options products to retail traders in 2022. “There is a huge, untapped market for these kinds of deals in the U.S.,” he explained.

Ultimately, the goal is to be a one-stop shop for all transactions, crypto and otherwise. In addition to expanding its range of derivatives products, which may also include equity index futures and fixed income futures, FTX US will also launch equity trading. Additionally, as