One of the most popular cryptocurrency exchanges,Pinoy Archives 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.
SEE ALSO: Sudden price drop shows largest 'stablecoin,' Tether, isn't so stable after allY 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.
This Tweet is currently unavailable. It might be loading or has been removed.
"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.
Topics Cryptocurrency
Previous：Google Pixel Buds Pro 2: $40 off at Amazon
Next：Bestway Hydro
13 Good Games You Can Play on Laptops and Budget PCs
Ikea trolls us all by naming products after Googled relationship questions
A giant Jeremy Clarkson head keeps popping up to promote 'The Grand Tour'
Apple unleashes new Apple Watch Series 2 ads for the holidays
The strangeness of Japan's decision to start openly hunting whales
Tumblr is the one social platform taking action ahead of Trump's America
9 fun iPhone text message tips and tricks
The Dylann Roof trial offers a dark glimpse at the far
Bomb Envy
These heartbreaking images reveal the dreams of refugees
Against Fear
How to fight back when your face becomes an out
Samsung's Note7 kill
These baskets are perfect for people who want to shop in solitude
'Severance' Reddit theory may have answered the 'Cold Harbor' mystery
Apple unleashes new Apple Watch Series 2 ads for the holidays
India announces its largest solar rooftop tender
Apple unleashes new Apple Watch Series 2 ads for the holidays
Against Fear
There's no evidence behind those 'Star Wars' boycott tweets
California's worst fire season just got even more devastatingSatellite photos show huge influx of Rohingya refugees in BangladeshWatch Colin Kaepernick make a rare public statement at ACLU dinnerIvan Chermayeff, designer of America's recognisable logos, has diedPizza in space clearly means well but looks pretty disgustingSenators urge FCC to delay net neutrality vote over fake commentsKnitwear brand selling fullAmazon launches in Australia, and it's about freaking timeSatellite photos show huge influx of Rohingya refugees in BangladeshA lesson in 'Twin Peaks' backwards talking from David LynchA few ways to check if your Airbnb host is secretly filming youGM wants you to buy everything without leaving your carWinter is coming to the U.S., but will there be snow, or just cold?Spotify is quietly testing a new feature to make your Discover Weekly playlist even smarterSpaceX's interviewing process is rude as hell, manBilly Bush says Trump's 'Access Hollywood' tape is 100 percent realCalifornia's worst fire season just got even more devastatingPatagonia fights back hard against Trump's national monument land grabWall Street Journal admits 'millennials' is a 'snotty term'Beyoncé changes her email address weekly, according to Ed Sheeran Best Beats Cyber Monday headphones deals: save $50 on the Beats Fit Pro and more I tried SKIMS' TikTok Tinder adds verification features like video selfies Need a Father’s Day Gift? A Novel Proposal by David McGlynn Drake and The Weeknd's AI song 'Heart On My Sleeve' is scary good and totally fake How to use Amazon Prime Video's Dialogue Boost 15+ early Cyber Monday 2023 Chromebook deals at Best Buy A Siren in a Paper Sleeve by Christopher King America’s First Female Mapmaker by Ted Widmer Best early Cyber Monday Apple AirTags deals in 2023 Light Effects: On Miyoko Ito’s Abstract Inventions 200+ best Walmart early Cyber Monday deals for 2023 Early Cyber Monday: Lego Ideas BTS Dynamite kit on sale for $64.99 at Amazon A Few Words to the Graduates Is This a Classic Chicago Novel? Redux: Philip Roth (1933–2018) by The Paris Review Score Chromebooks for as low as $129 ahead of Cyber Monday Your Problems Have One Answer Eric Sedeño takes the cringe out of Choosing Joy Staff Picks: Mermaids, Wrestlers, and Gawkers by The Paris Review
1.9932s , 10110.2890625 kb
Copyright © 2025 Powered by 【Pinoy Archives】,Information Information Network