Crypto exchange and wallet provider Blockchain.com has recently closed a $110 million Series E financing round, led by UK-based venture capital firm Kingsway Capital. This investment has resulted in a significant decrease in the company’s valuation, which now stands at less than half of its previous $14 billion valuation from March 2022. Other participants in the funding round include Baillie Gifford, Lakestar, and Coinbase Ventures. Despite the dip in valuation, this funding activity reflects a growing interest in crypto firms, driven by the rising prices of digital assets. The market’s enthusiasm for cryptocurrencies is further fueled by the anticipation of spot Bitcoin exchange-traded fund (ETF) products from financial giants like BlackRock and Fidelity. In the past year, Bitcoin has seen a 116% increase, while Ether and Solana have experienced gains of 61% and 300% respectively. With 37 million verified users, 82 million wallets, and over $1 trillion in total transaction value, Blockchain.com continues to be a prominent player in the crypto industry.
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Information |
Details |
Geography |
Europe |
Countries |
🇬🇧 |
Sentiment |
positive |
Relevance Score |
1 |
People |
Janice |
Companies |
Lakestar, Kingsway Capital, Lightspeed Ventures, Fidelity, BlackRock, Coinbase Ventures, Baillie Gifford |
Currencies |
Solana, Bitcoin, Ethereum |
Securities |
None |