FTX is prepared to spend billions of dollars on expanding the market.

Cryptocurrency exchange FTX is ready to spend billions of dollars to buy shares in other companies.

FTX CEO, billionaire, and co-founder Sam Bankman-Fried said that it’s the fundraising of more than $2 billion, and its U.S. organization could be used for investments to expand the range of services to 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.”

In January 2022, the exchange raised $400 million at a valuation of $32 billion, bringing the total raised in the previous half-year to nearly $2 billion. In the United States alone, they raised  $400 million.

Last week, FTX was wrapping up a new round of funding that could bring in between $400 million and $1 billion.

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