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.
FTX’s U.S. arm last week said it was valued at $8 billion after raising $400 million, its first funding round, from the same group of investors.
It also led a $680m funding round by blockchain-based fantasy soccer game Sorare and a $155m round for blockchain business Blockdaemon. The Japanese conglomerate also invested $200m in Mercado Bitcoin, one of the largest cryptocurrency exchanges in Latin America.
The company has now raised a total of $1.8 billion in the past six months, boosted by venture capital bets on an industry that has drawn unprecedented interest since the start of the COVID-19 pandemic.
Read more: Reuters
