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Crypto Exchange FTX Establishes $2B Fund to Invest in Crypto...
News

Crypto Exchange FTX Establishes $2B Fund to Invest in Crypto Startups: Report

Crypto exchange FTX has set up a $2 billion fund to invest in crypto-industry startups, the Wall Street Journal reported, citing Amy Wu, who heads the fund.

  • The FTX Ventures fund is one of the industry’s largest, the Journal said.
  • Investments could be as low as $100,000 and as high as hundreds of millions of dollars.
  • In October, FTX raised $420.7 million and was valued at $25 billion.
  • Wu told the Journal she is particularly interested in crypto gaming companies, as well as insurance and security products.

Source: CoinDesk.com

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