FTX has built up a war chest of funds at a time when crypto prices have sunk considerably.
FTX said all investors in the U.S. affiliate, which included Singaporean state investor Temasek, SoftBank's Vision Fund 2 and Tiger Global, jumped aboard for its own fundraise.
"There have been changes in expectations of interest rates, and that's been moving crypto markets. But it's been moving markets more generally as well." "I'm not sure whether we will. I could see it happening, I could see it not happening. We don't feel like we have any particular need to do it." A large focus for FTX, Bankman-Fried said, is acquiring licenses in several countries. Its U.S. arm is now authorized to sell derivatives products such as futures and options, which allow investors to speculate on movements in the price of an asset. Bankman-Fried said FTX's international business will be licensed across"the bulk of the Western world" by the end of this year.
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