Today news
About the same in other media
Crypto exchange FTX valued at $25 billion in $420 million funding round
Reading now: 521
cnbc.comIn this article
Cryptocurrency exchange FTX says it has raised $420 million in a new round of funding, valuing the company at $25 billion.
The Bahamas-based firm said Thursday it raised the fresh cash from a total of 69 investors including the Ontario Teachers' Pension Plan Board, Singapore's Temasek, BlackRock and Sequoia.
Specifically, the company said it attracted a total of $420,690,000 in its latest round, with the «420» and «69» being a nod to meme culture.
The investment is a top-up to FTX's series B financing round in July, in which it raised $900 million at an $18 billion valuation.
FTX is one of the world's largest digital currency exchanges, competing with the likes of Coinbase, Binance and Kraken. It specializes in derivatives
Read more on cnbc.comAbout this in other media
Crypto exchange BitMart gears up to raise $20 million in series B funding round ambcrypto.com /3 years ago
Bitcoin, ether scale new peaks as flows pour in to crypto moneycontrol.com /3 years ago
‘Crypto Investment Gone Wrong’ Sparked Attempted Arson at Crypto Exchange Upbit cryptonews.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
