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FTX Crypto Exchange VC Investors Value it at $32 Billion - Are They Mad or Savvy?

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cryptonews.com

Major crypto exchange FTX is holding discussions with potential investors regarding a funding round worth up to $1 billion. This is to allow the firm’s January 2022 valuation of about $32 billion to stay in line with previous financing from earlier this year.

The exchange hopes that new funding would enable FTX’s valuation at the pre-downturn level, persons with knowledge of the talks told CNBC, while the company has declined to officially comment on the ongoing development.

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