Crypto exchange FTX_Official's value has jumped to $32 billion following its latest funding round, which raised $400 million. By JamieCrawleyCD
FTX CEO Sam Bankman-Fried.
FTX raised $400 million in a Series C funding round that gives the cryptocurrency exchange a mammoth $32 billion valuation. That's about the same as the market cap of Germany's Deutsche Boerse and more than the Nasdaq exchange or Twitter. The capital injection will help the exchange fund its global expansion and obtain additional licenses in different markets. CEO Sam Bankman-Fried has previously told CoinDesk that FTX was planning acquisitions and partnerships to enter more countries and grow its user base.
"FTX will look to continue interacting with regulators to facilitate access to digital assets in a safe and compliant manner," Bankman-Fried said in a statement today."We look forward to working alongside our investors to achieve our mission and continue our tremendous growth throughout 2022 and beyond.”, which gave the American affiliate an $8 billion valuation last week. Paradigm, Temasek, Multicoin Capital and SoftBank were among the firms participating.
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