Popular cryptocurrency exchange FTX has reached a total valuation of $25 billion by receiving a B-1 investment of $420,690,000. This has been a nice B-1 series for Sam Bankman-Fried’s crypto exchange after the previous $900 million mega-round.
In the statement of the Bahamas-based cryptocurrency exchange FTX, it was stated that 420,690,000 dollars were collected in the B-1 Series financing round. Sixty-nine investors, including BlackRock and Tiger Global, have invested in the fast-growing cryptocurrency exchange. FTX said investors valuated the stock market at $25 billion, raising the Series B sticker price by nearly 39% from July, when it raised a massive $900 million.
FTX says users grew 48% during this period and transaction volume increased 75%.