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.
Sep 21, 2022 at 11:34 p.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/FUEF3WVXPRH6RNPOH5LEZRNRZU.jpg)
FTX CEO Sam Bankman-Fried (Craig Barritt/Getty Images for CARE For Special Children )
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.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
:format(webp)/s3.amazonaws.com/arc-authors/coindesk/fef307fe-e7ed-4f5a-badc-d7a5744bbd1e.png)
James Rubin was CoinDesk's U.S. news editor based on the West Coast.
Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.