FTX Trading Closes $400M Series C Funding; Valued at $32 Billion


FTX Trading Ltd., owner and operator of FTX.COM, closed a $400m Series C funding, increasing the valuation of the company to $32 billion.

The round saw participation from Temasek, Paradigm, Ontario Teachers’ Pension Plan Board, NEA, IVP, SoftBank Vision Fund 2, Lightspeed Venture Partners, Steadview Capital, Tiger Global, and Insight Partners, among others.

The company also disclosed that all investors involved in the Series C raise simultaneously participated in the previously announced FTX US Series A funding round, which valued FTX US at $8 billion.

Led by CEO Sam Bankman-Fried, FTX.COM is a cryptocurrency exchange built by traders, for traders. It offers innovative products, including derivatives, options and volatility products, tokenized stocks, prediction markets, leveraged tokens and an OTC desk. The company also recently launched FTX Ventures, a $2 billion venture fund created to advance global blockchain, cryptocurrency and Web3 adoption.

FTX.COM is not available to U.S. residents or residents of other prohibited jurisdictions, as set out in its Terms of Service.