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Crypto Exchange FTX US Closes $400M Funding Round to Reach $8B Valuation

crypto ftx us
  • January 28, 2022
  • Crypto, Insights

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

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