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Cryptocurrencies

Hong Kong crypto exchange FTX Trading hits $18bn valuation

SoftBank, Sequoia Capital and hedge funds join $900m fundraising

Hong Kong's FTX Trading is increasing its visibility in overseas markets and will assume naming rights for the stadium hosting the NBA's Miami Heat. (Photo by Yuki Kohara)

FTX Trading Ltd said on Tuesday its valuation had risen to $18 billion after a $900 million funding round that included SoftBank Group Corp and was one of the biggest fundraises for a crypto company.

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