FTX, one of the leading crypto asset trading platforms, received a $ 400 million investment and reached a valuation of $ 32 billion.
According to the news reported by The Block, FTX increased its valuation to 32 billion dollars by receiving an investment of 400 million dollars. The funding round included companies such as SoftBank, Paradigm, Tiger Global, and the Ontario Teachers’ Pension Plan Board.
In a meeting with The Block, SBF outlined how they would compete with other transnational competitors. He noted that they are expanding the capacity of the exchange’s matching engine, building fiat ten launchers, and ramping up their regulated expansion efforts.
$2 Billion Fund
The company also attracted attention with a fund of 2 billion dollars last week. The fund will support early blockchain and web 3 initiatives.
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