{"id":86899,"date":"2018-10-03T03:00:38","date_gmt":"2018-10-03T10:00:38","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=86899"},"modified":"2026-04-30T13:05:49","modified_gmt":"2026-04-30T12:05:49","slug":"crypto-exchanges-see-big-demand-from-investors-coinbase-worth-8-billion","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/crypto-exchanges-see-big-demand-from-investors-coinbase-worth-8-billion\/","title":{"rendered":"Crypto Exchanges See Big Demand From Investors: Coinbase Worth $8 Billion"},"content":{"rendered":"

Since February, the crypto market has been stagnant as Bitcoin<\/a>, Ethereum<\/a>, and other major cryptocurrencies<\/a> struggled to initiate large movements on the upside due to their notable decline in volume.<\/p>\n

Still, venture capital firms and large investment companies are placing big long-term bets on the crypto market by financing cryptocurrency exchanges.<\/p>\n

Last week, a team of former UBS executives raised $104 million to create the first regulated crypto-focused ban in Switzerland called Seba, with the approval of Swiss Financial Market Supervisory Authority (Finma). This week, Coinbase, the world\u2019s largest cryptocurrency exchange, is set to finalize a $500 million funding round from Tiger Global.<\/p>\n

Coinbase Worth $8 Billion<\/h2>\n

On Oct. 2, tech journalist Theodore Schleifer at Recode exclusively reported<\/a> that Coinbase will soon finalize a $500 million deal with Tiger Global, a large investment firm that deploys capital globally in both public and private markets.<\/p>\n

According to sources, Coinbase<\/a> will take $250 million in primary money and then receive $250 million in money to buy out existing shareholders, who previously invested in Coinbase at a valuation of $1.5 billion in August of last year.<\/p>\n

In merely 14 months, Coinbase more than quadrupled its valuation from $1.5 billion to $8 billion, recording a 10-fold increase in its trading volume and a massive increase in its user base. As of October, Coinbase supports more than 20 million users and has processed over $150 billion in trades since 2012.<\/p>\n

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Coinbase Growth Update:
– added ~5million users in the last 6 months, now have 25mil
– average of ~25,000 users\/day is comparable to mid-2017
Data here: https:\/\/t.co\/R9B63J2d6Q<\/a>#bitcoin<\/a> pic.twitter.com\/MITLacwC5L<\/a><\/p>\n

— Alistair Milne (@alistairmilne) October 3, 2018<\/a><\/p><\/blockquote>\n