FTX US Now $8 Billion Valuation

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(Edited)

FTX once again is trying its best in expanding, and just recently I just realized that FTX has a subordinate company basically for residents of the United States. It’s called FTX US, am sorry to my US friends who I must have sent links to register on FTX without knowing that there was an FTX US option.

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Anyways, FTX US is not valued to be worth $8 Billion, which is a great improvement being that in 2021, the platform only started off with 10,000 customers. But with the help of its partnership and acquisition they have recorded over 1 million users, which helped surged the increase in spot trading from $1 Million daily trading to $350 Million. That’s for the 2021 record, we all know that 2021 was the beginning of the year of crypto awareness.

FTX, the parent company of FTX US, last series funding was recorded to be $420 Million, which was late 2021. But FTX US having its jurisdiction within US currently did a Series A funding and raised $400 Million. Quite a large number of money to be gotten from investors, making the company, FTX US valued $8 Billion.

FTX is really trying their best to be the best in the crypto space, we have seen the platform integrating everything crypto including stock, derivative and futures in their platform. Few months back the company decided integrate NFTs on the FTX US platform allowing users to buy, sell and mint NFTs. Having an NFT market place, initially, the NFT was only limited to NFTs minted on FTX exchange platform, but later, the integration of NFTs on Ethereum and Solana blockchain became available. Giving people the opportunity to buy and sell NFTs of these blockchains.

The company believes that NFTs are one of the tools expected to drive people into crypto, they seem kind of right, because I have seen more people in 2021 and 2022 getting involved and interested in crypto because of NFTs. I just saw a lady who has no knowledge of crypto and NFTs, but because of the NFT hype and the buzz, she just joined the crypto community from her research about NFTs and crypto.

So FTX is right, with Hive’s NFTSHOWROOM, we hope to see lots of new Hive investors buying Hive to invest in Hive’s NFTs.

Updates like this are what make me really positive about the FTT token, that’s the reason I keep stacking my FTT token and staking on FTX. Let’s not forget that more bullish news on FTX drives the price of FTT. So more FTX utilities, means higher FTT value, not a financial advise. FTT currently went on a dip just like every other token, it went down to $30 compared to the $80 it’s previous all time high was, this means that there is a massive opportunity of buying more FTT.
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Here is my FTX Affiliate Link if you want to open an FTX account.

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