FTX has raised $900 million in a new funding round, which values the company at $18 Billion.

More than 60 investors took part in the funding including Paradigm, Sequoia Capital, Ribbit Capital, Third Point, Lightspeed Venture Partners, Coinbase Ventures, Softbank, Sino Global Capital, Multicoin Capital, the Paul Tudor Jones family, VanEck, Circle and hedge funders Izzy Englander and Alan Howard. Instead of relying on an investment banker to organize the round FTX's team worked directly with investors Paradigm, Ribbit, and BTIG to close the deal.