Regardless of the recent crypto pull back, the Bahamas-based cryptocurrency exchange, FTX, raised $400 million in a round of Series C funding, increasing the company’s valuation to a whopping $32 billion from $25 billion in October 2021.
FTX and FTX US offer derivatives, products, and spot trading services. The company has created a strong warchest for itself in a period where NASDAQ went down 11% and Bitcoin sank 46% from its November record. Cryptocurrencies have dropped even further.
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