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
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.
www.coindesk.com