Crypto exchange FTX is raising as much as $1 billion at a valuation of around $32 billion, according to CNBC, citing people with knowledge of the discussion.
Reportedly, negotiations are ongoing and confidential, and the company will raise as much as $1 billion in order to keep the previous valuation of $32 billion, but conditions could be changed, according to sources.
As reported by Blockchain.News on Feb 1, FTX Derivatives Exchange has concluded its Series C funding round, which raised $400 million to increase its valuation to $32 billion. Current existing investors include Singapore's Temasek, SoftBank's Vision Fund 2, and Tiger Global.
FTX.US, a subsidiary of FTX in the United States, just completed its $400 million fundraising to hit an $8 billion valuation.
Over the past six months of last year, FTX has raised a total of $1.8 billion from venture capital firms, cementing its position as one of the most liquid trading platforms in the world. Back in October last year, when the...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...