FTX Trading's US subsidiary secured the cash at an $8bn valuation, bucking the trend among rival cryptocurrency exchanges less eager to raise funding.

FTX US, part of Bahamas-registered cryptocurrency marketplace operator FTX Trading, raised $400m yesterday in a series A round featuring internet and telecommunications group SoftBank’s Vision Fund 2 at an $8bn valuation. Other investors in the round, which marked the subsidiary’s first external funding, included Temasek, Multicoin Capital, Paradigm, Ontatio Teachers’ Pension Plan, Greenoaks Capital, Steadview…

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