Coinbase Raises $300 Million, Reaching $8 Billion Valuation
The San Francisco-based cryptocurrency commerce and brokerage service Coinbase launched on Tuesday that it had raised $300 million in assortment E equity funding. This latest spherical confirms Coinbase’s standing as the largest cryptocurrency group of its selection, bringing its market valuation as a lot as $eight billion.
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Coinbase Raises Additional Funds in Order to Improve World Efforts
Coinbase has raised extra cash this month after elevating $100 million in August in a group D funding spherical. The company launched on Oct. 30 that the corporate has secured one different $300 million from quite a few enterprise capital consumers. The companies who participated inside the assortment E spherical embody Polychain Capital, Y Combinator Continuity, Wellington Administration, and Andreessen Horowitz. Based mostly on the company’s weblog submit, Tiger World Administration led the latest Coinbase funding spherical.