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FTX hits $32bn valuation
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News of the raise comes shortly after the company's FTX US subsidiary closed its own $400 million round at an $8 billion valuation.While crypto prices have tanked in recent weeks, FTX says it has seen its userbase grow by 60% and its daily trading volume increase by 40% since a Series B-1 round in October. The firm also recently launched FTX Ventures, a $2 billion venture fund created to advance global blockchain, cryptocurrency and Web3 adoption.Sam Bankman-Fried, CEO, FTX, says: "This round will support our continued mission of delivering innovative products and services to the marketplace as well as expanding our global reach with additional licenses around the world.
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