According to a statement published in the official blog on October 30, during the last round of investments, the cryptocurrency company Coinbase received $ 300 million in investments. It is worth noting that the company was valued at $ 8 billion.
According to the data, the round of financing of the E series was headed by the investment company Tiger Global Management. Also in this round such large companies as Y Combinator Continuity, Wellington Management, Andreessen Horowitz and Polychain, as well as a number of other large companies took part.
According to Coinbase, funds received in the last round of investments will be aimed at accelerating the adoption of cryptocurrency, the creation of infrastructure that will allow supporting regulated trading operations on a global scale. Also, the funds received will lay the foundation for supporting a large number of cryptocurrencies in the future.
Also, the funds received will enable the development and improvement of a cryptocurrency wallet developed by Coinbase, as well as the creation of a number of other applications and products, such as the recent launch of its own stable USDCoin coin (USDC), together with the technology company Circle.
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