3-year-old crypto exchange FTX raises $400 mn at $32 bn valuation

One of the world's largest crypto exchanges FTX has raised $400 million in its latest funding round at a valuation of $32 billion. The round saw participation from Temasek, Lightspeed Venture Partners, SoftBank Vision Fund 2, Tiger Global, among others. Sam Bankman-Fried, who is one of the richest people in crypto, founded FTX three years ago along with Gary Wang.

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