Cryptocurrency exchange FTX plans to raise additional funding

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The FTX trading platform has begun negotiations with potential investors to prepare a new round of financing.

The exchange plans to agree with potential investors on a funding volume no less than in January, when FTX raised
$400 million, increasing its market capitalization to $32 billion.

Unnamed people told Bloombergexchange employees familiar with the issue, in addition to FTX, its American division FTX US has begun searching for sources of additional financing. The pool of potential investors is not disclosed.

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

Parts of the crypto community are calling Sam Bankman-Fried the “white knight of cryptocurrency” for throwing a lifeline to faltering digital asset platforms.

“Quite 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 a concern,” Bankman-Fried said in an interview with an American television channel.

However, the head of the cryptocurrency derivatives exchangeFTX clarifies that its statement about its “willingness to negotiate with companies” was misunderstood by the community, and the exchange does not intend to provide financial support and absorb everyone.