Bahamas-based cryptocurrency exchange FTX received a Series B-1 investment of $420,690,000, reaching a total valuation of $25 billion.
In total, according to FTX’s statement on Thursday, 69 investment was received from Ontario Teachers’ Pension Plan Board, Temasek, Sequoia Capital, Sea Capital, IVP, ICONIQ Growth, Tiger Global, Ribbit Capital, Lightspeed Venture Partners.
It was reported that some funds and accounts under the management of BlackRock also participated in the investment series that brought the company to a valuation of $ 25 billion.
The $900 million Series B investment FTX received in July largest investment series was recorded as.
Since then, 48% of the stock market’s user base; On the other hand, there was a 75% growth in the average transaction volume.
Sam Bankman-Fried, CEO of FTX, said that the stock market’s investors, “Positioning FTX as the world’s most transparent and compliant cryptocurrency exchange” declared what they wanted.