Crypto exchange Coinbase is now valued at $8 billion
One of the most popular cryptocurrency exchanges, the U.S.-based Coinbase, announced on Tuesday that it has raised $300 million in a new round of financing. The round, led by Tiger Global Management, values the company at more than $8 billion. Y Combinator Continuity, Wellington Management, Andreessen Horowitz and Polychain also contributed to the funding round, among others. Coinbase says it will use the funds to accelerate global expansion, introduce more crypto assets to its platform and continue development of utility applications in the space, such as its recently announced USDC stablecoin and the Coinbase Wallet. Finally, the company plans to bring more institutional funds into the crypto space. "We see Coinbase’s growth as validation that the ecosystem will only continue to grow in size, influence and impact — ultimately ushering in a more open financial system for the world," the company said in a blog post. Coinbase has been growing like a weed when Bitcoin and Ethereum prices were raging early this year. But even when the prices pulled back, Coinbase continued to expand, having recently introduced a stablecoin, adding new cryptocurrencies to its platform, and launching new tools for institutional and professional investors. The result of that expansion is that $8 billion valuation -- as TechCrunch notes, it's a huge increase from the $1.6 billion the company was valued in August 2017. Disclosure: The author of this text owns, or has recently owned, a number of cryptocurrencies, including BTC and ETH. Tweet may have been deleted
Featured Video For You
This space heater mines bitcoin while keeping your house warm
相关推荐
-
Listeners encouraged to go wild with Le Sserafim's 4th EP
-
Brazil open door to breaking foreign coach taboo
-
Samantha Bee's tweet about Trump and 'A Day Without A Woman' totally nailed it
-
Ciara's new maternity photoshoot is definitely extraordinary
-
Tesla's big software update includes something called 'Night Curfew'
-
N. Korean leader Kim may visit Russia for talks with Putin on arms deal: report
- 最近发表
-
- Best Home Depot Labor Day sale deals
- Liberal voters outnumber conservatives: survey
- Inter beat Atalanta to reach Italian Cup semi
- Facebook shares news desert data to improve local news
- Get Thee to Totality: Chicago
- Ford goes all in on autonomous vehicles with new factory
- 'Be really careful': Australian Open tells Djokovic family
- Vinicius, Benzema fire Real into Copa semi
- I Deleted All My Social Accounts: Three Weeks Without Social Media
- It looks like Waymo is about to expand its self
- 随机阅读
-
- Is Mercury retrograde messing with you? Think again.
- Instagram rips off yet another feature from Snapchat
- 危急时刻 你能正确使用安全锤吗?
- Unification minister meets UN rapporteur for NK's human rights
- 味道真系正!怀集食材邂逅顺德厨艺
- Jack Dorsey is recruiting his own personal bitcoin posse
- Brazil open door to breaking foreign coach taboo
- Brazil open door to breaking foreign coach taboo
- Kamala Harris’ ridiculous problem with the political press.
- 'Be really careful': Australian Open tells Djokovic family
- Investors pour $400 million into Instacart's battle with Amazon
- 驻化州新安镇工作队:此“新安”处是吾乡
- 雨城区疾控中心提示:科学补碘 防治碘缺乏病
- Apple starts selling refurbished 2016 MacBook Pro laptops
- Reddit finally bans r/The
- These theaters have playgrounds because everyone loves loud kids at movies
- 优化广东优质农产品产销资源对接!“农友圈”又有新动作
- Kyrgios admits assaulting girlfriend
- Facebook hosts 24
- These theaters have playgrounds because everyone loves loud kids at movies
- 搜索
-
- 友情链接
-