• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
NewsBTC
No Result
View All Result
Trade More Bitcoin Pay Less Fee Coinbase. newsbtc bitcoin news.
Nexo Logo

Coinbase on a Lookout for Additional Funds

Gautham by Gautham
5 years ago
in Uncategorized
Reading Time: 2 mins read
Advertisement

The leading Bitcoin wallet and exchange platform, Coinbase is on a lookout for investors. The cryptocurrency company is said to have embarked on a fundraising mission, with the intention of raising about $100 million.

According to reports, Coinbase’s latest fundraising round is the biggest ever for any cryptocurrency business. Founded by Brian Armstrong and Fred Ehrsam, the company has so far raised around $116.5 million from various investors including Andreessen Horowitz, Union Square Ventures, DFJ, NYSE and other banking and financial institutions.

Coinbase currently commands a valuation of $1 billion, with operation spread across multiple countries. The company’s need for additional funds could have been driven by the dramatic rise in Bitcoin value in the recent months, followed by speculations of a further increase in the coming days, to reach $4000.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

In addition to increased need for liquidity, the company is also in the process of expanding its services to different countries. The increasing demand for cryptocurrencies in Asian markets presents an attractive opportunity for Coinbase. With the new round of funding, the cryptocurrency platform could start strengthening its presence in the Japanese, Chinese and South Korean markets.

The recent issues faced by the platform in light of increased activity is also worth notable. Coinbase, like many other platforms, was caught unprepared during the sudden influx of new users and traffic, resulting in frequent outage and disruption of operations. In order to keep up with the growing market, the cryptocurrency platform is also faced with a need to upgrade its infrastructure.

Since Japan legalized Bitcoin, the demand for cryptocurrency is quite high, driving the price upwards in the global markets. Recently, the Chinese cryptocurrency exchanges have started allowing its users to withdraw Bitcoin deposits, indicating their operations’ return to normalcy.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

There is no concrete information available at the moment about the upcoming fundraising round or the participating investors, but it could be expected soon.

Ref: CNBC |Yahoo Finance |Image: NewsBTC
Read our comparison of 50 different crypto casinos. Find out who has most generous bonuses, best UX, knowledgeable customer support and best provably fair games.
Tags: bitcoinBitcoin NewscoinbasefundraisinginvestmentsNews
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Gautham

Gautham

Related Posts

Bitcoin

Quant Explains How Bitcoin NUPL Cycles Are Getting Less Volatile With Time

3 hours ago
Polygon Team Reports Apps On The Network Surge By 400%

Polygon Team Reports Apps On The Network Surge By 400%

8 hours ago
Here’s A List of Trusted Non-GamStop Casinos In The UK

Here’s A List of Trusted Non-GamStop Casinos In The UK

9 hours ago
APECoin

APECoin Retraces 2.5% In Last 7 Days – More Selloff In The Offing?

11 hours ago
Polkadot

Polkadot (DOT) To Retest $9.88 Resistance – Can Bulls Regain Solid Footing?

15 hours ago
Filecoin

Filecoin Cruises Near Resistance, Now Attempts For A Breakout

17 hours ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Keninah Concord And Fantom, Paired with Baby Doge Coin Will Give You a Well-Balanced Wallet!

August 14, 2022

Can Carlossy Caterpillar Achieve What Meme Coin Giants Dogecoin and Shiba Inu have?

August 14, 2022

To Take DeFi To The Next Level, We Need Killer App, says Ripple Executive. Can Youniverze Be The One?

August 14, 2022

GNOX (GNOX): Likely Top 50 Crypto Similar To EOS (EOS) And Sandbox (SAND) After Presale Sold-Out Quickly

August 14, 2022

Gnox (GNOX), Sandbox (SAND) and Decentraland (MANA): The Most Promising Investments in 2022

August 14, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Bitcoin Casino Reviews

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.