Cryptocurrency exchange FTX valued at $18B in series B financing

FTX Trading, which owns and runs the FTX.com cryptocurrency exchange, closes on a $900M series B round of financing, valuing the company at $18B, and attracting investments from the likes of Sequoia Capital, Thoma Bravo, SoftBank ([[SFTBY]] +0.3%), Daniel Loeb's Third Point, and Coinbase ([[COIN]] +0.5%) Ventures.More than 60 investors participated in the funding round, which it says is one of the largest raises for a crypto company.Founded by Sam Bankman-Fried in 2019, FTX plans to use the proceeds to expand its global presence and accelerate its growth. Part of the expansion includes adding to its the network of partnerships for its FTX Pay, FTX Liquidity program, and FTX NFT business lines.The company's revenue has increased more than 10-fold this year and 75x since its series A funding round in mid-2020.The platform has more than 1M users and averages more than $10B of daily trading volume, it said. It serves