Asia’s SoftBank and Temasek Join to Fund FTX US

FTX US reached an $8 billion valuation after receiving $400 million from Asian investment giants SoftBank Group and Temasek Holdings in its first round of funding.

The Japanese technology investment giant and the Singapore state holding company were joined by Paradigm, Multicoin Capital, Tribe Capital, Ontario Teachers’ Pension Plan Board and others for the series A funding.
“What this raise means to us is that we are officially establishing ourselves on the stage of the largest competitors of cryptocurrency exchanges in the US and signalling to the world that we are going to continue to expand very rapidly,” FTX US president Brett …

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