While Coinbase had previously raised a total of $106M, it’s been two and a half years since their last raise – which was their $75M Series C round in early 2015. But it seems that the wait paid off, as the recent growth allowed the startup to nearly triple their valuation to $1.6B, from a rumored $500M in 2015. So just how explosive has this growth been? Coinbase has facilitated almost $15B in digital currency exchange in just the first half of 2017, which is 5x more that was exchanged in the entirety of 2016. At this pace the startup may see a 10x increase in transaction volume from full-year 2016 to full-year 2017. The chart below helps put this growth in perspective.

https://techcrunch.com/2017/08/10/coinbase-raises-100m-at-a-1-6b-valuation-amid-explosive-growth/