FTMO backs Zerohash in $104 million funding round, joining SoFi and Apollo

FTMO backs Zerohash in $104 million funding round, joining SoFi and Apollo
  • Zerohash currently serves over 5 million users and companies worldwide.

FTMO, which has previously completed acquisitions including Quantlane and eVisions, has now participated in a $104 million funding round for Zerohash – a US-based crypto infrastructure provider. In addition, FTMO has also acquired OANDA. These moves mark a significant step in expanding FTMO’s international presence. Major investors SoFi, Apollo, and NYCA also joined the round, which was classified as Series D-2.

FTMO offers more than just trading services

FTMO offers more than just trading services
FTMO offers more than just trading services

Founded in 2015, FTMO is known for its risk management and trader education services. The company now operates in over 140 countries and has fully acquired firms such as eVisions and Quantlane.

According to FTMO, participating in smaller investment rounds allows the company to engage with technological advancements beyond its core business operations.

FTMO CEO Otakar Šuffner stated:

“Investing is our way of engaging with innovative projects, even outside our main field, and contributing to the overall growth of the technology market.”

Zerohash raises capital for expansion

Founded in 2017, Zerohash provides tokenized assets, stablecoin, and crypto infrastructure services. Its products are used by over 5 million users across 190 countries, including major enterprises such as DraftKings, Kalshi, Interactive Brokers, Stripe, and Shift4.

The newly raised capital will be used to enhance blockchain products, accelerate talent acquisition, and support further product expansion.

FTMO expands trading access in the US with MT5

FTMO expands trading access in the US with MT5
FTMO expands trading access in the US with MT5

Meanwhile, FTMO now employs more than 300 staff members and has distributed over $450 million to traders. In 2023, the company reported revenue exceeding $213 million – a 20% increase year-over-year – with EBITDA approaching $100 million.

In 2024, the number of registered trading accounts increased by 33% to over 2.3 million, while trader payouts surged by 80% in the first seven months. Furthermore, FTMO has reintroduced its services to US traders through MetaTrader 5.

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