Prop Firm FTMO Backs Zerohash in $104M Round, Joining SoFi and Apollo
Czech prop trading firm FTMO, that recently agreed to acquire OANDA, has
expanded its global activities by participating in a $104 million investment
round in US-based cryptocurrency infrastructure provider Zerohash. The round,
classified as Series D-2, also included major investors such as SoFi, Apollo,
and NYCA.
FTMO Expands Beyond Core Trading Services
FTMO, founded in 2015, is known for its trading education
and risk management services. It operates in over 140 countries and has
previously completed full acquisitions of companies including Quantlane and the
eVisions agency.
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The firm said the move to participate in smaller investments
allows it to engage with technological innovations outside its core operations.
“Investments are a way for us to become part of innovative
projects even outside our core field and thus participate in the overall
development of the technology market,” said Otakar Šuffner, CEO, FTMO.
Zerohash Raises Funds for Expansion
Zerohash, established in 2017, provides infrastructure for
cryptocurrencies, stablecoins, and tokenized assets. Its solutions are used by
more than 5 million users in 190 countries, including companies such as
Interactive Brokers, Stripe, Shift4, Franklin Templeton, DraftKings, and
Kalshi.
You may find it interesting at FinanceMagnates.com: FTMO
Yet to Close OANDA Deal, but the Two Team Up for US Prop Trading Relaunch.
The company plans to use the funds to accelerate product
expansion, support talent growth, and strengthen its blockchain offerings.
FTMO Expands US Trading with MT5
Meanwhile, FTMO
has paid out over $450 million to traders and grown to more than 300
employees. The firm reported a turnover of over $213 million in 2023, up 20%
year-on-year, with EBITDA near $100 million.
In 2024, payouts to traders increased 80% in the first seven
months, and registered trading accounts rose 33% to more than 2.3 million. FTMO
has also relaunched services for US traders via MetaTrader 5.
This article was written by Tareq Sikder at www.financemagnates.com.
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