Cryptocurrency News

FTX and FTX US seek even more funding following acquisitions: Report

07/20/2022

Less than a minute

2022.07.20 23:38

FTX and FTX US seek even more funding following acquisitions: Report

Crypto exchange FTX and its United States subsidiary FTX US have reportedly each set new fundraising targets following the firms planning several high profile acquisitions and credit lines to firms.

According to a Wednesday report from Bloomberg, FTX co-founder Sam Bankman-Fried discussed raising money matching that of a January funding round in which the firm closed on a $400 million round, bringing it to $32 billion in valuation. FTX US reportedly set similar goals, having raised $400 million in January to reach an $8 billion valuation.

07/20/2022

Less than a minute

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