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FTX Renames Blockfolio Trading App to ... FTX
The trading app, which was acquired by FTX in 2020, now bears its owner's name.
By Zack Seward
Updated May 9, 2023, 3:22 a.m. Published Jul 28, 2021, 5:33 p.m.
Fresh on the heels of the largest funding round in crypto history, FTX is getting its branding in order.
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The crypto exchange helmed by Sam Bankman-Fried is slapping its name on the Blockfolio trading app it acquired in May 2020 for $150 million, killing a clunky colon in the process.
"The rebrand of FTX: Blockfolio to FTX puts the final cap on our acquisition of Blockfolio, doubling down on our commitment to being the number one crypto trading platform for both retail and institutional users,” Bankman-Fried said in a press release.
Read more: FTX Exchange’s $150M Deal for Mobile-First Blockfolio Is a Retail Trading Play
FTX’s $900 million Series B valued the company at $18 billion, speaking to investors’ belief in the grand ambitions of an exchange that sprouted up in Hong Kong just two years ago.
Unifying its brand identity would seem to follow suit as FTX looks to rival Coinbase and others for retail traders. The move comes after FTX has spent lavishly on sports sponsorships, putting its three letters on everything from arenas to umpires.
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