Crypto firm FTX Trading raised fresh capital at a valuation of $25 billion from a clutch of big-name venture capital investors, making it one of the most richly valued crypto start-ups in the world.
CEO of FTX Sam Bankman-Fried (File Photo)
New York:
The financing, led by the investors including Ontario Teacher's Pension Plan Board, Temasek and Tiger's Global, is a continuation of an earlier series B funding round from July, when the two-year-old start-up raised $1 billion from SoftBank, Temasek and other investors at a valuation of $18 billion. The latest $420-million funding round, which attracted 69 investors, comes at a time when cryptocurrencies are facing tighter regulatory scrutiny in the US and around the world.
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