Coinbase Cryptocurrency Exchange
Coinbase is one of the worlds leading Cryptocurrency exchanges in the world and has just been valued at $1 Billion. It was reported in The Wall Street Journal that the company is taking to a number of investors with regards raising additional funds.
Coinbase have not approached the market for funding but is currently undergoing the process of valuation which is believed to be at the 1$billion mark. The company is seeking to raise up to $100 million from investors in order to take it to the next level.
So far Coinbase have investor funding of around $116.5 million and they will be looking to raise a similar level once they start fund raising. It currently has high profile investors such as DFJ, Union Square Venture along with Andreessen Horowitz onboard along with a number of Banks.
The Cryptocurrency market is experiencing a boom and the levels of returns are too high for high networth investors to ignore any longer. Bitcoin has grown by over 150% already in 2017 with analysts predicting it will reach over $4,000 by the end of the year.
Coinbase, a website for buying, selling and storing bitcoin and other cryptocurrencies, is talking to investors about raising money at a $1 billion valuation, The Wall Street Journal reports, citing people familiar with the situation. The funding round isn’t set, but the company is looking to raise around $100 […]