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Core Report Team
The team behind FTT and the FTX exchange are some of the most prominent and largest derivatives and crypto traders, with CEO Sam-Bankman Fried (SBF) hailing from Jane Street Capital, where he worked from 2014-2017. He graduated from MIT in 2014 with a degree in physics. SBF’s Twitter is @SBF_FTX.
In 2019, SBF was seeking a crypto futures exchange that was institutional-grade in liquidity, product offerings, and service, and he instead chose to create FTX to solve the market need. FTX is headquartered in Nassau, Bahamas. The company FTX Trading LTD is incorporated in Antigua and Barbuda.
Source: TheBlock
Greater Team
- Gary Wang is the Co-Founder and Chief Technology Officer at FTX as well as the CTO at Alameda Research. Previously, Gary worked as a software engineer with experience at Google. He graduated from MIT with a degree in Mathematics with Computer Science.
- Nishad Singh is the Director of Engineering at FTX. He was Director of Engineering at Alameda Research from December 2017- April 2019. He was a Software Engineer at Facebook from August 2017- December 2017, where he worked on applied machine learning. He graduated from Berkeley in 2017 with a Bachelor of Science in Electrical Engineering and Computer Science with Summa Cum Laude honors. Nishad’s Twitter is @Nishad__Singh.
- Dan Friedberg is the Regulatory Officer at FTX and former General Counsel. He was a partner at Fenwick & West LLP, where he led the cryptocurrency practice. He was also the chair of the Payment Systems group. He has his J.D. and MBA from the University of Wisconsin, where he graduated with Cum Laude honors in 1996. He also graduated from Williams College in 1992 with a Bachelor of Science in Political Economy with the highest honors.
- Can Sun is the General Counsel at FTX. He was Co-Chair of the Blockchain practice group at Fenwick & West LLP. He has his J.D. from Yale Law school. He also had a Ph.D. in Electrical Engineering from Princeton University and a B.A.Sc in Engineering Science from the University of Toronto.
- Constance Wang is the COO at FTX and Co-Chief Executive Officer at FTX HQ in the Bahamas. She worked on risk controls at Credit Suisse. Then joined Huobi Global to expand their institutional business in the APAC region. She graduated from the National University of Singapore in 2016 with a degree in Finance.
- Devon Bernard -Software Engineer
- Darren Wong -CMO
- Jen Chan -Office Manager
- Peter Muzzonigro -Head of Consumer Adoption
- Dr. Marcel Lötscher -Head of Regulatory Strategy for Europe
- Steve Sadin -Head of Gaming Partnerships
Other ways to stay connected to the FTX team, their developments, and their community include Medium, YouTube, Telegram, and Reddit. They’re also active on Twitter, along with a presence on Github.
Alameda Research
Alameda Research is a quantitative cryptocurrency trading firm that uses internally-developed technology and deep crypto expertise to trade thousands of digital asset products and their derivatives. Alameda has always been a critical player in the crypto secondary markets and maintains strong connections with top exchanges, trading firms, and OTC desks. FTX has also announced a strategic partnership with Binance, one of the most well-known exchanges in crypto.
Alameda also provides market-making services across top crypto exchanges with tight liquidity and responsive service. Since FTX was incubated by Alameda, FTX has had industry-leading order books from inception.
Investors
FTX raised $1.7 Billion in funding over 7 rounds, with 7 lead investors and 47 total investors. The latest funding was raised on March 21st, 2022, from an undisclosed round. Naomi Osaka was the lead investor. On January 14th, 2022, FTX raised $2 billion from Venture Capital Fund. Tom Loverro is an investor.
Prominent investors in FTX’s Series C round.
FTX completed a Series C funding round on January 31st, 2022. It raised $400 million from 12 investors and five partner investors.
- Insight Partners,
- Paradigm
- Lightspeed Venture Partners
- Institutional Venture Partners
- New Enterprise Associates
- Softbank Vision Fund
- Tiger Global Management
- Blackstone Group
- Temasek Holdings
- Ontario Teachers’ Pension Plan
- Steadview Capital
Prominent investors in FTX’s Series B round
Announced October 21st, 2021, and raised $420.7 million from 16 investors and 8 partner investors.
- Vetamer
- Tiger Global Management
- The Sea Capital
- Temasek Holdings
- Telstra Ventures
- Sequoia Capital
- Ribbit Capital
- Race Capital
- Ontario Teachers’ Pension Plan
- Lightspeed Venture Partners
The July 20th, 2021 Series B round raised $900 million from 26 investors and 4 partner investors. This was the largest raise of funds for a crypto exchange ever. Some of the prominent investors were:
- Willoughby Capital
- VanEck
- Thoma Bravo
- Third Point Ventures
- Temasek Holdings
- SoftBank Vision Fund
- Sino Global Capital
- Sequoia Capital
- Senator Investment Group
- Ribbit Capital
The was also a Series B round on March 2nd, 2020, but no details are available. A Corporate Round was on December 20th, 2019. A Seed Round was on August 6th, 2019, and raised $8 million.
