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L & # 39; exchange Coinbase said to have a value greater than 8 billion USD after the close of a new round of investment of 300 million USD to accelerate the adoption of cryptocurrency and digital assets.
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The North American company said this E-Series investment cycle was led by Tiger Global with the participation of the continuity fund of And combinator and Wellington Management – a $ 1 trillion fund that recently focused on cryptocurrencies – with Andreessen Horowitz and polychain among others.
So far, Coinbase has received a total of $ 525 million, and the valuation represents a big leap forward from the previous $ 1.6 billion valuation at the last round of fundraising, which raised $ 100 million in August 2017
The company has extended its services to consumers to institutional investors and plans to use capital to pursue this strategy. They also plan to focus outside of the United States. to offer fiduciary exchange services to cryptocurrencies from other parts of the world. This is consistent with the strategy of other exchanges, including Binance.
The capital will also serve the work needed to support thousands of others chips in the future. At this time, Coinbase only allows the exchange of several crypto-currencies, but has always had the ambition to grow much further.
Coinbase recently introduced a Stablecoin Call USDC and plan to offer more utilities like this in the future. Its chief executive, Brian Armstrong, said he would like to one day run a publicly traded company, but it remains to be seen what is the long-term plan for an IPO.
Translation based on the original TechCrunch article
by Angel Leon for DiarioBitcoin.
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