FTX closes its third round in nine months

Written By Derek Weber

Bahamas-based cryptocurrency exchange FTX closed its third fundraise in the last nine months at a massive $32 billion valuation – up from $25 billion just three months ago. The start-up raised $400 million of Series C venture funding which saw participation from Singaporean state investor Temasek, SoftBank and Tiger Global.  

The company’s affiliate FTX US announced a $400 million round last week valuing the firm at $8 billion.

Derek Weber
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