Sino Global Capital’s Liquid Value Blockchain Fund Announces Investment in FTX Crypto Exchange
BEIJING, China, March 2, 2020: Liquid Value VC (“LV”), the investment arm of Beijing-headquartered Sino Global Capital, announces a Series B investment in FTX Exchange (“FTX”), a Hong Kong-based cryptocurrency exchange. The investment will fund FTX’s aggressive 2020 expansion plans which include the release of new products, a full strategy development platform for users, and a new streamlined mobile app, in addition to more listings of Leveraged Tokens on partner exchanges. FTX, founded less than a year ago, has become one of the world’s largest exchanges, processing roughly $1.5bn of volume per day. FTX has formed crucial partnerships with industry leaders such as Binance and has an impressive track record of product growth with over sixty products currently offered, including the world’s first index future, leveraged tokens, and MOVE contracts and options. The Series B investment makes FTX the newest unicorn in the cryptocurrency space.
Sino Global Capital CEO and LV Managing Partner, Matthew Graham, said “We’re excited to invest in an innovative company like FTX Exchange. Sam and his team have built a strong product that has raised the bar for all crypto derivatives exchanges and helped push crypto forward as a viable asset class.”
About Liquid Value
Liquid Value, the investment arm of Beijing-headquartered Sino Global Capital, invests in companies innovating in the digital asset ecosystem. Sino Global Capital is the premier bridge between China and international technology projects, connecting high quality overseas opportunities with Mainland Chinese strategic partners and investors. Sino Global Capital provides a complete suite of financial expertise and services, from sourcing and visibility to due diligence and deal execution.