Coinbase Is Now Worth 8 Billion
Bitcoin exchange Coinbase valued at 8 billion after new funding round
- Coinbase is now officially valued at billion.
- The bitcoin exchange announced a 0 million series E round 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 billion after a mega funding round, the company announced Tuesday.
That round, led by Tiger Global Management, infuses the crypto startup with 0 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 billion valuation means Coinbase is now publicly valued higher than the .1 billion Slack and the . Rumors of the valuation were first reported by Recode in early October.
While the greater bitcoin and cryptocurrency markets have suffered since hitting astonishing highs last December, Coinbase has continued to truck along, thanks in part to funding and support from some of the biggest names in Silicon Valley venture capital.
The company was valued at just .6 billion in August 2019 thanks to funding from big names like IVP, Spark Capital, Greylock Partners, and Battery Ventures.
Video: Buying with Bitcoin, Ameritrade Crypto Exchange, Bitcoin is a Commodity, Mainframe - News
Hannah Gadsby’s Comedy Coup Puts Stressors Center Stage
6 Amazing Things Green Tea Can Do
William And Catherine’s Poignant Trip To Paris Marks The 20 Year Anniversary Of Diana’s Death
Watch Carells SNL monologue below
How to Think Like an Olympian
Michael Jacksons Daughter Is All Grown Up — and Has an Adorable Pixie Cut
Tapping Into The Core
15 Fun Cardio Workouts
Buy Of The Day: Elemis Pro-Collagen Marine Cream
Baking Soda Shampoo Followed With Vinegar Spritz