Crypto exchange FTX US valued at $8 billion as first fundraise draws SoftBank, Temasek


FILE PHOTO A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken October 19 2021. REUTERSEdgar Su

FILE PHOTO: A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken October 19, 2021. REUTERS/Edgar Su

(Reuters) - Cryptocurrency exchange FTX US said on Wednesday it had notched a valuation of $8 billion after raising $400 million in its first funding round from investors including Japan's SoftBank Group Corp and Singapore's Temasek Holdings.

The Series A funding also includes investments from crypto investment firm Paradigm and Multicoin Capital.

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