Crypto exchange giant FTX is in discussions with investors for up to $1 billion in fresh funding at a valuation of about $32 billion, CNBC reported Wednesday, citing sources with knowledge of the talks.
CoinDesk reported last week that FTX was seeking to raise money in parallel with evaluating acquisitions, adding that FTX was also looking to have itself valued at the same $32 billion valuation it won this year in an earlier funding round.
Sign up for Market Wrap, our daily newsletter explaining what happened today in crypto markets – and why.
Please note that our
has been updated
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
CoinDesk is an independent operating subsidiary of
which invests in
As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of
which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG