Coinbase, the largest crypto exchange in the US, is being valued at about $8 million based on a deal that is almost complete. This makes Coinbase the highest-valued startup in the country, which makes Michael Novogratz think that the crypto market is going mainstream. According to sources that spoke with tech portal Recode, Coinbase is currently negotiating with Tiger Global regarding an investment of about $500 million. Tiger Global, a New York-based investment company, has shown in the cryptocurrency industry, though it didn’t want to comment on the deal with Coinbase.
The valuation of Coinbase has jumped within this year. Last summer, the company was valued at about $1.5 billion, but the top cryptocurrencies, i...
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