FTX Raises $420,690,000

FTX Raises 0,690,000
FTX has memed itself into another massive funding round.Sam Bankman-Fried’s Bahamas-based crypto exchange said Wednesday it had raised $420,690,000 in a Series B-1 funding round. Sixty-nine investors – including BlackRock and Tiger Global – joined the fast-growing crypto conglomerate.Investors valued the exchange at $25 billion, FTX said, a nearly 39% jump over the Series B sticker price from July when it raised a whopping $900 million in crypto’s largest-ever venture capital funding round. FTX says users have grown 48% in that period and trading volume rose 75%.Read more: FTX Crypto Exchange Valued at $18B in $900M Funding RoundSurging growth coincided…