FTX US has raised $400 million from investors including SoftBank and Temasek, giving the cryptocurrency exchange a valuation of $8 billion, according to a Reuters report Wednesday.
- Crypto investment firms Paradigm and Multicoin Capital also participated in the funding.
- FTX US intends to use the funds to launch new business lines and explore strategic investments and acquisitions.
- The exchange acquired futures exchange LedgerX in October as a means of entering the futures and options trading market in the US.
