Cryptocurrency exchange FTX has raised $400 million in a Series C funding round. According to a press release, the pool of investors included Temasek, Paradigm, Ontario Teachers' Pension Plan Board, SoftBank Vision Fund 2, and others.
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The latest round brings FTX's total valuation at $32 billion, which is 22% lower than Coinbase. The exchange said it plans to use the proceeds to continue interacting with regulators, and get additional licenses around the world. The funding comes after FTX launched a $2 billion venture fund to invest in equity and/or tokens, at any check size and stage. While the requirements for funding remain unclear, FTX Ventures said it is ready to back even anonymous developers.
In October last year, FTX Trading, the exchange's parent company, raised $420.6 million in a Series B-1 funding round from 69 investors, including Ontario Teachers' Pension Plan Board, Sequoia Capital, and Sea Capita.
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