FTX US, a Chicago-based crypto exchange, is now valued at $8B following a new $400M funding round led by SoftBank Group Corp, Temasek Holdings, Paradigm, and Multicoin Capital. Post-valuation, the firm is now one of the largest crypto exchanges in the United States. In 2021, FTX made a sale-and-purchase agreement to acquire a crypto derivatives platform LedgerX, intending to expand its spot trading services. FTX’s global exchange is now valued at $25B.
Crypto Exchange FTX US Closes $400M Funding Round to Reach $8B Valuation
