“I think we’re not entering a long term crypto winter. There have been changes in expectations of interest rates, and that’s been moving crypto markets,” FTX's CEO said.
Monday that it closed a $400 million Series C funding round, bringing the firm to a $32 billion in valuation.raised $400 millionAccording to the announcement, the latest fundraise saw participation from Singaporean state investor Temasek, digital asset investment firm Paradigm, Canada’s Ontario Teachers’ Pension Plan Board, Tiger Global, SoftBank Vision Fund 2, and others. All the firms simultaneously participated in the aforementioned FTX US funding round.
The new funding marks a major milestone for FTX as the company has secured $1.8 billion over the past six months, CEO Sam Bankman-Fried said. The new round will help the company to continue launching more products as well as expand its global presence with additional regulatory approvals and licenses, he noted.
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