On October 30, a famous crypto exchange Coinbase announced that it had raised over $300 million of investment to speed up the adoption of cryptocurrency. This fundraising round, namely the Series E, was led by Tiger Global Management, involving Y Combinator Continuity, Wellington Management, Andreessen Horowitz, Polychain and others.
The official statement specifies the main priorities:
- creating a connection between fiat and cryptocurrencies;
- listing more crypto assets;
- apps for crypto (Coinbase Wallet);
- Coinbase custody offerings.
The equity round helped the crypto exchange to reach $8 billion valuation, making it the crypto-first company globally. Recently, it has issued a commercial video, hoping that cryptocurrency will be able to become a hit in computer science and change the internet.
At Coinbase, we believe that cryptocurrencies and the technologies that power them represent a breakthrough in computer science that will change both the internet and the global financial system for the better. pic.twitter.com/soaFnatNoH
— Coinbase (@coinbase) October 30, 2018
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