Mega funding boosts crypto start-up's value to 25 billion dollars

Crypto firm FTX Trading raised fresh capital at a valuation of $25 billion from a clutch of big-name venture capital investors, making it one of the most richly valued crypto start-ups in the world.

migrator

Published:25th Oct, 2021 at 6:56 AM

New York

The financing, led by the investors including Ontario Teacher's Pension Plan Board, Temasek and Tiger's Global, is a continuation of an earlier series B funding round from July, when the two-year-old start-up raised $1 billion from SoftBank, Temasek and other investors at a valuation of $18 billion. The latest $420-million funding round, which attracted 69 investors, comes at a time when cryptocurrencies are facing tighter regulatory scrutiny in the US and around the world.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

Mega funding boosts crypto start-up's value to 25 billion dollars

Crypto firm FTX Trading raised fresh capital at a valuation of $25 billion from a clutch of big-name venture capital investors, making it one of the most richly valued crypto start-ups in the world.

Also Read

SpaceX brings back 4 NASA astronauts to Earth in first-ever medical evacuation from ISS

Trump threatens to use Insurrection Act to 'put end' to protests in Minneapolis

Wikipedia inks AI deals with Microsoft, Meta and Perplexity as it marks 25th birthday

SC tells 'Jana Nayagan' film producer to return to Madras HC for order on CBFC clearance

Netflix India South unveils 2026 Tamil slate including Suriya 46, Marshal, D55, Idhayam Murali and Gatta Kusthi 2