Bahamas based crypto exchange raised $400m in Series C funding from investors including Temasak, Paradigm, the Ontario Teachers’ Pension Plan Board and NEA.
“I think we’re not entering a long term crypto winter,” Sam Bankman-Fried, FTX’s CEO and co-founder, told CNBC in an interview. “There have been changes in expectations of interest rates, and that’s been moving crypto markets. But it’s been moving markets more generally as well.”