Coinbase Evaluation Tops $8 Billion with Recent $300 Million Funding Led by Tiger Global and Y Combinator

Securing $300 Million In Round E Funding Raises Coinbase’s Valuation To $8 Billion

The recent price stability of Bitcoin and other top cryptos has demonstrated that this market is maturing. Now, there is another news by the biggest name in the crypto ecosystem, Coinbase, that shows that even institutional investors think the same.

A blog post by Coinbase has confirmed that it just completed its Series E fundraising of $300 million. This means that the largest crypto exchange operator in the western hemisphere is valued at over an astounding $8 billion. The current round was led Tiger Global with a supporting cast of Y Combinator Continuity, Wellington Management, Andreessen Horowitz, Polychain.

This round of funding comes after a Series D fundraising round of $100 million in August 2017. Then it was valued at only $1.6 billion. An increase of 5 folds in valuation in just 14 months has been almost unheard of.

What Does Coinbase Intend to Do With the New Funds?

Coinbase plans to use the newly available funds for Global expansion, offering more crypto assets, developing crypto-based apps and luring established institutions to the crypto ecosystem.

Just in 2018, the company has made efforts to broaden its horizon end consumers to the much needed institutional investors. The new capital will also be used for same.

The firm also said that it aims to diversify globally offering an increasing amount of fiat-to-crypto exchanges services. Binance had done the same going to Malta and offering a variety of trading pairs, which eventually made them the biggest exchange.

Notably, currently, Coinbase trades just a handful of crypto pairs. This is just the company being cautious to not break US security laws. In an effort to be a more global player, the company has to diversify.

Final Take

Even though Coinbase has been criticized for being too centralized for a decentralized environment like cryptocurrencies, the company has been a blessing for the entire ecosystem as a whole.

The ease of use of their applications have always provided an entry point for beginners and with its global ambitions now, we can be sure that they will be turning a lot more heads towards it.

Get Free Email Updates!

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

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Bitcoin to Follow the Equities Market Up or Down? One-Month Correlation Spikes to an All-Time High

Yet another week of weak price movement. The world’s leading digital asset is trading at $9,072, in red with 24 hours ‘real’ volume of just...

Public Mint Launches Its Blockchain; Over 200 Banks Plan to Support Its Digital Money

vPublic Mint, a firm founded by CNET founder Halsey Minor, has announced the launching of its ‘fiat-native’ public blockchain, which enables anyone to easily...

BTC Halving Week Brings in Record Monthly New Accounts & Doubles the Revenue for BlockFi

The past two months have been incredibly dull for the price of bitcoin, but it didn’t affect the businesses in the cryptocurrency space. The...

Currencycloud Partners with Ripple to Leverage RippleNet for Efficient Cross-Border Payments

Currencycloud - one of the global payment processing giants - has become the latest member of the RippleNet family and would help ripple in...

Coinbase Custody and IOHK Partner to Provide Institutional-Grade Staking For Cardano's ADA in Q4

IOHK, the lead developer of Cardano blockchain, and Coinbase Custody, the institutional-grade custodian launched by Coinbase Inc., announced a partnership to allow users to...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today