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FTX crypto exchange raises $420M from 69 investors -Breaking

FTX is one of the most popular cryptocurrency exchanges worldwide. It has now raised $420m in new funding. This brings its global valuation to $22.5 billion.

The company officially Annouced Thursday that FTX’s operator, FTX Trading, has completed a new Series B-1 fundraise involving 69 investors, including Ontario Teachers’ Pension Plan Board and Singapore’s state investment firm Temasek.