Raises $300M At A $5.2B Valuation to ‘Aggressively’ Expand its Products

The company has over 31 million verified users, recording a 3x increase in active users and a total of 70.243 million unique wallets.

London-based cryptocurrency firm has raised $300 million in its latest funding round with a valuation of $5.2 billion.

The Series C round was led by DST Global, Lightspeed Venture Partners, and VY Capital.

Just last month, the company that offers digital wallets for storage of cryptos along with trading and other services for larger investors said it raised about $120 million with investment from Alphabet Inc’s venture capital unit.

Launched in 2011, the total number of unique wallets created has reached 70.243 million to date.

The company has more than 31 million verified users in over 200 countries, recording a 3x increase in active users over the past 12 months. Peter Smith, CEO & co-founder of Blockchain said,

“With one of the most significant balance sheets in the industry, we plan to aggressively expand the products we offer our customers, grow our global team, and pursue M&A opportunities to bring exciting new products and ideas into the company.”

Bitcoin soaring to a record high of nearly $62,000 this month is leading to ballooning valuations of companies in the crypto space.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide