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Crypto startup FTX Trading valued at $25 billion after mega funding round
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moneycontrol.comCrypto firm FTX Trading raised fresh capital at a valuation of $25 billion from a clutch of big-name venture capital investors, making it one of the most richly-valued crypto startups in the world.
The financing, led by investors including Ontario Teachers' Pension Plan Board, Temasek and Tiger Global, is a continuation of an earlier Series B funding round from July, when the two-year-old startup raised $1 billion from SoftBank, Temasek and other investors at a valuation of $18 billion.
The latest $420-million funding round, which attracted 69 investors, comes at a time when cryptocurrencies are facing tighter regulatory scrutiny in the United States and around the world.
Founded by crypto entrepreneurs Sam Bankman-Fried and Gary Wang and
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