Coinbase Exceed $8B in Valuation Becoming One of Its Kind In the Whole Crypto Space

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.

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