Home » General World News » Bitcoin exchange Coinbase is now valued at $8 billion after raising another mega round of funding

Bitcoin exchange Coinbase is now valued at $8 billion after raising another mega round of funding





Coinbase CEO Brian Armstrong

  • Coinbase is now officially valued at $8 billion.
  • The bitcoin exchange announced a $300 million Series E on Tuesday, with a mega valuation to match.
  • That means the cryptocurrency startup is publicly valued higher than Slack and Instacart.

The popular cryptocurrency exchange Coinbase is now valued at $8 billion following a mega funding around, the company announced Tuesday.

That round, led by Tiger Global Management, infuses the crypto startup with $300 million to “accelerate the adoption of cryptocurrencies and digital assets,” according to the company.

Y Combinator Continuity, Wellington Management, Polychain and Andreessen Horowitz also participated in the round.

Its new $8 billion valuation means that read more >>>

Source:: BusinessInsider.Com

Comments are closed.