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Blockchain.com Closes $110M Raise: Bloomberg
The exchange's valuation in the $110 million round was less than half of its previous $14 billion valuation, according to the report.
Crypto exchange and wallet provider Blockchain.com has closed a $110 million raise, valuing the company at less than half of its previous $14 billion, according to a Bloomberg report.
The Series E was led by U.K.-based Kingsway Capital with participation from Lakestar, Lightspeed Venture Partners, and Coinbase Ventures.
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Neither Kingsway nor Blockchain.com responded to a request for comment from CoinDesk by press time.
In January, the exchange had laid off 28% of its workforce, according to a report.
Last year, Bloomberg reported that Blockchain.com was looking to raise another round at a valuation of $3 billion-$4 billion. However, the exact valuation for the Series E was not confirmed.
Since this time, asset prices have significantly recovered. Bitcoin spent most of October 2022 under $20,000, and now it's trading above $35,000, according to CoinDesk Indices data.
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French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
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- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
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