Coinbase’s value grew in the market
The exchange of cryptocurrencies recently received a new investment of 300 million dollars, so the cost increased to $ 8 billion
After having agreed to a new injection of funds of at least 300 million dollars, the value of Coinbase grew to reach eight billion.
The funds set by the company are intended to accelerate the adoption of cryptocurrencies and digital assets.
This investment was guided by Tiger Global with a continuous participation, as well as Combinator and Wellington Management, a company that has recently put a lot of interest in the cryptocurrency market.
So far, Coinbase has received 525 million dollars, so its previous valuation of 1.6 billion dollars will be easily overcome.
The capital will also be used in the necessary work to support the amount of tokens that may be held in the future. At this time Coinbase only allows the exchange of a small number of cryptocurrencies, but the company has always ensured that it wants to expand much further.
K. Tovar
Source: Techcrunch
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