April 1, 2023

Cryptocurrency exchange FTX plans to raise additional funding

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Cryptocurrency exchange FTX plans to raise additional funding

The FTX marketplace has begun negotiations with potential investors to prepare a new round of funding.

The exchange plans to agree with potential investors the amount of funding no less than January, when FTX raised
$400 million, increasing its market capitalization to $32 billion.

As unnamed employees told Bloombergexchanges familiar with the matter, in addition to FTX, its American division FTX US has begun to look for sources of additional funding. The pool of potential investors has not been disclosed.

Earlier, the head of the site Sam Bankman-Fried (Sam Bankman-Fried) said
in an interview with CNBC said that his companies“several billions will be found” to support struggling cryptocurrency companies whose collapse could further destabilize the digital asset industry.

Part of the crypto community is calling Sam Bankman-Fried the “White Knight of Cryptocurrency” for throwing a lifeline to faltering digital asset platforms.

“A lot of people are starting to contact us.companies. These firms, as a rule, are not yet in a dire situation, although the fate of some small crypto exchanges is of concern,” Bankman-Fried said in an interview with an American television channel.

However, the head of the cryptocurrency derivatives exchange FTXclarifies that his statement about “readiness to negotiate with companies” was misunderstood by the community, and the exchange is not going to provide financial support and absorb everyone.