{"id":56874,"date":"2022-01-31T16:08:23","date_gmt":"2022-01-31T14:08:23","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=56874"},"modified":"2025-09-04T08:43:35","modified_gmt":"2025-09-04T05:43:35","slug":"ftx-raises-400-million-at-a-32-billion-valuation","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ftx-raises-400-million-at-a-32-billion-valuation\/","title":{"rendered":"FTX raises $400 million at a $32 billion valuation"},"content":{"rendered":"

Crypto exchange FTX announced<\/a> a $400 million Series C financing round. The company’s valuation reached $32 billion.<\/p>\n

According to the press release, investors backing the exchange’s U.S. unit participated in the round \u2014 on January 26 it raised $400 million at a valuation of $8 billion<\/a>. They include Temasek, Paradigm, SoftBank Vision Fund 2, Tiger Global, and others.<\/p>\n

\n

\u201cFTX will continue to engage with regulators to facilitate access to digital assets in a safe and compliant manner,\u201d said founder Sam Bankman-Fried.<\/p>\n<\/blockquote>\n

Representatives of the exchange noted that since October 2021 the user base has grown by 60%, and the average daily trading volume has risen by 40% (to around $14 billion).<\/p>\n

For 2021, the daily number of trades executed on the platform, including derivatives, stood at 13.8 billion<\/a>. The spot trading volume rose by 2,400%, reaching $719 billion.<\/p>\n

Earlier the exchange raised $900 million in a Series B funding round<\/a>, the size of which was subsequently increased to $1 billion.<\/p>\n

In October FTX closed a Series B-1 funding round<\/a> for $420.69 million, after which its valuation reached $25 billion.<\/p>\n

As reported in January 2022, the company announced the launch of a venture fund of $2 billion<\/a> for investments in startups at various stages of development and in segments of the crypto market.<\/p>\n

Subscribe to ForkLog news on VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

Crypto exchange FTX announced the closing of a $400 million Series C round. The company’s valuation reached $32 billion.<\/p>\n","protected":false},"author":1,"featured_media":56875,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1236,1133],"class_list":["post-56874","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ftx","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/56874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=56874"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/56874\/revisions"}],"predecessor-version":[{"id":56876,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/56874\/revisions\/56876"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/56875"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=56874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=56874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=56874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}