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Crypto Exchange FTX in Discussions for Up to $1B Capital Raise at $32B Valuation: Report
The exchange giant is raising the money as it considers acquisitions.
Crypto exchange giant FTX is in discussions with investors for up to $1 billion in fresh funding at a valuation of about $32 billion, CNBC reported Wednesday, citing people with knowledge of the talks.
CoinDesk reported last week that FTX was seeking to raise money in parallel with evaluating acquisitions, adding that FTX was also looking to have itself valued at the same $32 billion valuation it won this year in an earlier funding round.
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Read More: Crypto Giant FTX Eyes Raising Money to Fund Acquisitions: Source
James Rubin
James Rubin was CoinDesk's Co-Managing Editor, Markets team based on the West Coast. He has written and edited for the Milken Institute, TheStreet.com and the Economist Intelligence Unit, among other organizations. He is also the co-author of the Urban Cyclist's Survival Guide. He owns a small amount of bitcoin.
