FTX To Seek $ 1.5 Billion In New Funding Round At $ 32 Billion Valuation: Report | Dramacool

The company’s chief executive, Sam Bankman-Fried, will ask investors to buy shares in its US subsidiary, FTX.US, at a valuation of $ 8 billion. FTX CEO Sam Bankman-Fried is looking to raise a total of $ 1.5 billion for global cryptocurrency derivatives exchange and US affiliate, FTX.US, The Information reported Friday, citing two anonymous sources. with knowledge of the matter.

The funding round would potentially value FTX at $ 32 billion and FTX.US at $ 8 billion, the article said, citing one of the sources. FTX did not immediately respond to a request for comment from CoinDesk. The latest discussions come less than six weeks after FTX closed a $ 420,690,000 Series B-1 funding round. 69 investors participated in the round, including BlackRock and Tiger Global.

Investors valued the exchange at $ 25 billion, FTX said, a nearly 39% jump over the Series B tag price since July, when it raised a whopping $ 900 million in the venture capital funding round. largest in the history of cryptocurrencies. Bankman-Fried told CoinDesk at the time that it planned a series of acquisitions and partnerships to bring FTX to more countries with more users.