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West Realm Shires Services, Inc.

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Year established

2019

Location

Berkeley CA US

Primary Industry

Financial Services

About

Founded in 2019, and based in California, US, West Realm Shires Services, Inc., doing business as FTX US, operates as a cryptocurrency exchange company. The company was founded by its CEO Sam Bankman-Fried and CTO Gary Wang. In January 2022, West Realm Shires Services, Inc. raised USD 400 million in series A funding co-led by new investors SB Investment Advisers and Temasek Holdings, with participation from Greenoaks Capital, and Lightspeed Venture Partners. As of 2022, the company is led by its President Brett Harrison. West Realm runs a cryptocurrency exchange platform that lets users buy, sell, and trade cryptocurrencies like Bitcoin, Ethereum, Solana, Doge, and non-fungible tokens, as well as earn the company's native cryptocurrency for every transaction exceeding a value of USD 10. The company's mobile platform offers payment infrastructure and digital wallet services, and it comes in two formats: FTX.US Pro, which is a US-regulated cryptocurrency trading app, and FTX Crypto Exchange, which is a cryptocurrency investing app. The company plans to use the January funding to accelerate its growth, grow its user base, bolster its derivatives efforts, and launch new business lines.
Primary Industry
Financial Services
Sub Industries
e-Financial
Website
www.ftx.us
Verticals
Blockchain, FinTech, FinTech, FinTech, FinTech, Mobile Apps
Company Stage
Ceased Operations
Total Amount Raised
Subscriber access only

Deals

Deals Type
Series A
Deal Status Target (s) Deal Date Investor(s) Seller(s) Deal size (Mn) Enterprise value (Mn) Post-money valuation (Mn) EBITDA multiple (x) Revenue multiple (x) Lead partner (s)
Completed West Realm Shires Services, Inc. 26 Jan 2022
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