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Crypto exchange FTX valued at $32 billion as SoftBank invests

Bahamas-based FTX is the owner and operator of FTX.com, a crypto platform that caters to a wide customer base including retail and institutional investors outside the United States.

January 31, 2022 / 09:34 PM IST
(Image Courtesy: Shutterstock)

(Image Courtesy: Shutterstock)

Major cryptocurrency exchange FTX raised $400 million from investors including SoftBank at a valuation of $32 billion, it said on Monday, making the platform one of the most valuable start-ups in the fast-growing digital currency sector.

The funding round also included investments from Singapore's Temasek Holdings and the Ontario Teachers' Pension Plan Board among others, FTX said.

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Bahamas-based FTX is the owner and operator of FTX.com, a crypto platform that caters to a wide customer base including retail and institutional investors outside the United States.