FTX Confirms Its Mega Raise As Investors Bet on Crypto Future

Sam Bankman-Fried, CEO of FTX. Source: A video screenshot, Youtube/FTX Official As expected, two-year-old major crypto derivatives exchange FTX was valued almost 20 times more in a recent investment round, one of the largest raises in the crypto industry. The operator of the exchange, FTX Trading Ltd., said it closed USD 900m Series B fundraise, with over 60 investors valuing the company at USD