Coinbase, one of the largest cryptocurrency markets, has raised $300 million in a Series E funding round led by US hedge fund Tiger Global of millionaire Julian Robertson. The exchange plans to use the fresh money for bolstering its services worldwide, Asiff Hirji, president and chief operating officer (COO) of Coinbase said in a blog post on Tuesday.
“Coinbase will add an additional $300 million of investment at a post-money valuation of over $8 billion to accelerate the adoption of cryptocurrencies and digital assets. The Series E equity round is led by Tiger Global Management, with participation from Y Combinator Continuity, Wellington Management, Andreessen Horowitz, Polychain and others,” Hirji wrote.
The new funding round will allow Coinbase to expand its fiat-to-crypto offerings by building the needed infrastructure in regulated markets around the globe, the COO explained without giving any details about future countries or fiat currencies. Currently, the California-based platform supports several crypto-to-fiat pairs with three traditional currencies: US dollar, Euro, ...
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