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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.
Read more on finextra.comAbout this in other media
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