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FTX US raises $400m in Series A funding

Chicago based American affiliate of cryptocurrency exchange FTX raised $400m in Series A from investors including SoftBank, Temasek, Paradigm and Multicoin Capital. 

“Volatility cuts both ways,” he said. “With all of the large upturns that we’ve seen in crypto, we have to expect that there are going to be downturns as well. And we’re definitely in that period right now.”

Tags

crypto, capital markets