Recent fundraising may be used for the investments aimed at expanding its range of services to its customers.
Crypto exchange FTX is ready to spend billions of dollars for stakes in other companies, Chief Executive Officer Sam Bankman-FriedThe billionaire CEO, who’s also a co-founder of FTX, said on Friday that recent fundraising of more than $2 billion by the company and its US entity may be used for the investments aimed at expanding its range of services to its customers.
“FTX is a profitable company,” he said. “You can look at the amount that we’ve raised over the last year or two — it’s a few billion dollars. That gives maybe a sense of where we are in terms of cash that was explicitly viewed from a potential acquisition angle.”
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