• September 29, 2023


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FTX Wants to Raise $1B and Reach a $32B Valuation

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Cryptocurrency exchange FTX plans to raise $1 billion and confirm the estimate of the previous funding round of $32 billion, CNBC reports.

According to sources, the terms of the fundraising have not yet been finalized and negotiations are still ongoing.

In July this year similar rumors were spread by the media.

The exchange received more than $1 billion in revenue at the end of 2021. In Q1 2022, the figure stood at $270 million.

Some of the new capital, in addition to the $400 million in January round, will be used to close new deals.