San Francisco based crpytocurrency exchange and brokerage has raised a $300m Series E at an $8b valuation, led by Tiger Global.
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Coinbase Raises $300 Million, Cites Prospect of 'Thousands' of Crypto Assets
Coinbase, the most popular cryptocurrency exchange in the U.S., announced on Tuesday a massive Series E funding round that values the company at $8 billion. The company announced the $300 million investment in a blog post, which said the financing is being led by New York-based Tiger Global, and will be used to accelerate global expansion and the offering of more cryptocurrencies. “We see hundreds of cryptocurrencies that could be added to our platform today and we will lay the groundwork to support thousands in the future,” wrote Coinbase Chief Operating Officer Assif Hirji in the post.
