Blockchain.com Reportedly Valued at $14B
- While the funding round is yet to be confirmed by Blockchain.com or the investors, Bloomberg said it had raised the valuation of the exchange to $14 billion.
- The new funding round was reportedly led by Lightspeed Venture Partners, and saw “major participation” from Baillie Gifford & Co.
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Cryptocurrency exchange Blockchain.com has almost tripled its valuation to $14 billion following a new funding round led by Lightspeed Venture Partners, Bloomberg reported on 31 March.
According to the publication, Blockchain.com’s new funding round saw “major participation” from renowned investment management firm Baillie Gifford & Co. While the raised amount is yet to be announced — and funding round publicly confirmed by Blockchain.com or the investors — the company reportedly saw its valuation increase from $5.2 billion to $14 billion.
The previous funding round of Blockchain.com was held last March — with the Series C being co-led by DST Global, Lightspeed Venture Partners, and VY Capital — bringing the company $300 million at a valuation of $5.2 billion. A month later, the exchange secured an additional $100 million investment from Edinburgh-based Baillie Gifford & Co.
Founded in 2011, Bitcoin.com is one of the largest cryptocurrency companies on the market, offering its customers a wide range of services including an exchange platform, crypto wallet, institutional products, and more. According to its website, the exchange has more than 37 million verified users and over $1 trillion in total transaction value, and also claims to have one-third of all Bitcoin transactions pass through its platform.
Back in December, the company revealed it was preparing to launch its own non-fungible token (NFT) marketplace, and established a wait list for its beta version. In order to make the process of buying NFTs more straightforward, the company also said it was planning to add NFT functionality directly to its crypto wallet.
- Blockchain.com has warned Russian users that it will soon terminate support for its custodial and rewards services in the area.
- The company gave Russian nationals until 27 October to withdraw all their assets from the platform, after which their accounts will be closed.
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- Unnamed sources have said that the company is currently in talks with interested parties to raise at least $100 million in a new funding round.
- The same people noted that Ledger had experienced growth in its business over the past months, as investors turn to cold storage.
- The Series F round has more than doubled Chainalysis’ valuation since last year, which is not surprising considering it has increased its customer base by 75%.
- The company has claimed that its various tools are now responsible for monitoring around $1 trillion worth of transactions each month.