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.

AccessTimeIconSep 21, 2022 at 11:34 p.m. UTC
Updated May 11, 2023 at 5:53 p.m. UTC

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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    James Rubin

    James Rubin was CoinDesk's U.S. news editor based on the West Coast.