Crypto exchange ftx sets up $2 billion venture fund

crypto exchange ftx sets up $2 billion venture fund

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Can i buy crypto with wells fargo debit card Brandy Betz. Emerging markets in Latin America, Africa, and Asia are of particular interest, Wu says, pointing out that their penetration in mobile payments and fintech operations tend to be deeper. Wu later confirmed the move in a tweet. Sheldon Reback. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.
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The FTX Collapse, Explained - WSJ What Went Wrong
Crypto derivatives exchange FTX has set up a $2 billion fund to invest in crypto-industry startups, the Wall Street Journal reported, citing Amy. Venture capital firms and investment funds showered the failed crypto exchange and its founder with money. There were few strings attached. In January, FTX unveiled FTX Ventures, a $2 billion venture capital fund focused on digital asset investments, which it has since drawn on.
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Bankman-Fried also in May revealed he had personally taken a 7. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Follow BrandyBetz on Twitter. Disclosure Please note that our privacy policy , terms of use , cookies , and do not sell my personal information has been updated. Brandy covered crypto-related venture capital deals for CoinDesk.