American cryptocurrency company Coinbase has attracted $300 million in round of financing of Series E, which was led by American hedge Fund Tiger Global Management. Investors were also made by Y Combinator Continuity, Wellington Management, Andreessen Horowitz, Polychain and other companies.
We’re pleased to announce our latest funding round, led by Tiger Global Management. We plan to accelerate our global expansion and investments in the utility phase of crypto—always working to create a more open financial system for the world. Read more: https://t.co/JzGlMGLjaC
— Coinbase (@coinbase) 30 Oct 2018
Thus, according to the company, its capitalization has exceeded $8 billion and annual profit at the same time, according to Bloomberg may be of the order of $1.3 billion.
Coinbase intends to use the funds for global expansion, extension, listing, developing various utilitarian applications and the involvement of institucionales in the industry.
Recall, the company became the first unicorn in the cryptocurrency sector after the closure of the funding round Series D in August 2017.
Earlier in mass media appeared information about the fact that Coinbase can go for an IPO after another to attract investment.
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