FTX Derivatives Exchange and its American subsidiary FTX.US are exploring the options to raise new sets of funds after the duo injected the bulk of the funds they raised earlier in the year into supporting distressed crypto companies.
As reported by Bloomberg, citing anonymous sources, the global FTX trading platform is looking to raise an almost equivalent amount it pulled earlier this year. As reported earlier by Blockchain.News, FTX concluded its Series C funding round in January, where it raised the sum of $400 million to increase its valuation to $32 billion.
FTX.US has also been active in the equity round scene, receiving $400 million in funding to top $8 billion in valuation. Riding on the back of this capital injection, FTX.US has notably acquired Embed Financial Technologies Inc., including its wholly-owned subsidiary Embed Clearing LLC for an undisclosed sum back in June, a move that aligned with its corporate strategy at the time.
By acting as a lender of last resort, FTX...
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