Share this article
Crypto Exchange Blockchain.com Hits $14B Valuation in Lightspeed-Led Funding Round
The raise more than doubles the previous value of the company.
Updated May 9, 2023, 3:41 a.m. Published Mar 31, 2022, 2:21 a.m.
Make us preferred on Google
Crypto exchange Blockchain.com reached a $14 billion valuation in a Series D funding round led by Lightspeed Venture Partners, with "major participation" from Baillie Gifford. Bloomberg first reported the news on Thursday though a company spokesperson later confirmed the valuation to CoinDesk.
- The amount raised wasn't disclosed.
- The U.K.-based company raised $300 million in March last year at a valuation of $5.2 billion, according to the Bloomberg report. Lightspeed and VY Capital participated in that round.
- In April, Edinburgh-based Baillie Gifford invested $100 million.
- Blockchain said in 2021 it would move its U.S. headquarters to Miami from New York.
- The exchange, founded in 2011, has 37 million verified users, and one-third of bitcoin network transactions are conducted through it, according to its website.
Read more: FTX Reaches $32B Valuation With $400M Fundraise
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
UPDATE (March 31, 14:57 UTC): Adds confirmation from company spokesperson, changes headline.
More For You
Lebih untuk Anda
Recapping Consensus Hong Kong
Crypto's role in payments for AI, regulatory changes and the digital asset market dominated conversations on the ground.
Yang perlu diketahui:
- Speakers at CoinDesk's Consensus Hong Kong conference said crypto and stablecoins are likely to become the default payment tools for autonomous AI agents in an emerging "machine economy."
- Market participants warned that bitcoin, which has already dropped nearly $30,000 in a month, may fall further, with $50,000 seen as the level to watch.
- Hong Kong regulators are pressing ahead with crypto rules even as others wait to see how U.S. legislation develops.
Top Stories
