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Benzinga
Benzinga
Business
Adrian Zmudzinski

Want To Invest In A Crypto Exchange That's Now Worth Three Robinhoods With A Massive $32B Valuation?

CRYPTO HOOD Robinhood FTX United States

Major U.S. cryptocurrency exchange FTX (CRYPTO: FTT) has closed its $400 million Series C funding round, reaching a valuation of $32 billion — about three times the current capitalization of major retail-focused online brokerage Robinhood Markets Inc. (NASDAQ:HOOD).

What Happened: During this latest found, FTX raised money from investors including SoftBank, Paradigm, Tiger Global, and Ontario Teachers' Pension Plan Board who also joined the cap table of FTX.US as part of the deal, according to a report from The Block.

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