Cryptocurrency exchange FTX held a new round of Series C funding, in which it raised $400 million to develop the platform. The capitalization of the exchange reached $32 billion.
About this FTX informed on Twitter. The world’s largest venture capital companies participated in the funding round. So, the funds were invested by the Singaporean state investment firm Temasek, Paradigm, Tiger Global, SoftBank Vision Fund 2 and the Canadian pension fund Ontario Teachers Pension Plan.
According to FTX CEO Sam Bankman-Fried, over the past six months, the cryptocurrency exchange has received $1.8 billion. The new funds will help the platform develop its products in the global market and obtain licenses from various regulators.
“I don’t think we are on the cusp of a new crypto winter as there have been changes in base rates that have impacted the crypto market,” said Bankman-Fried.
Recently, the US division of the FTX.US exchange also closed the funding round. The amount of funds received also amounted to $400 million, and the market capitalization reached $8 billion.
Recall that in mid-January, FTX launched its own venture fund with a capitalization of $2 billion. This is one of the largest funds in the cryptocurrency industry.
Source: Bits
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