Coinbase, Exchanges

Who Invested in Coinbase?

Coinbase, one of the most popular cryptocurrency exchanges, has raised $100 million in a new funding round led by IVP, with participation from Spark Capital, Greylock Partners, Battery Ventures, Section 32, and Draper Associates. This brings Coinbase’s total funding to $217 million.

Coinbase allows users to buy and sell cryptocurrencies, as well as store them in a wallet on the site. The company has been growing rapidly in recent months, adding new features and expanding into new markets.

Coinbase now supports 32 countries and has over 13 million customers.

The new funding will be used to help Coinbase expand its global reach and continue to build out its product. The company is also hiring aggressively, with plans to add 300 employees this year.

NOTE: WARNING: Investing in Coinbase carries a high level of risk, and may not be suitable for all investors. Before investing in Coinbase, you should carefully consider your financial situation and risk tolerance. Be aware that the value of cryptocurrency can be highly volatile and may not be suitable for all investors. If you are uncertain about investing in Coinbase, please seek independent financial advice.

Coinbase has been one of the biggest beneficiaries of the Bitcoin boom. The price of Bitcoin has surged this year, leading to a surge in trading activity on Coinbase.

The company has also been expanding its offerings beyond Bitcoin, adding support for Ethereum and Litecoin.

The new funding round values Coinbase at $1.6 billion.

That makes it one of the most valuable startUPS in the world and puts it in the so-called “unicorn” club. IVP is one of the most prestigious venture firms in Silicon Valley and has invested in companies like Slack, Dropbox, and Twitter.

This latest investment round shows that there is still strong interest in Bitcoin and cryptocurrency startUPS despite the recent market downturn. Coinbase is well-positioned to capitalize on the growing interest in cryptocurrencies and is quickly become one of the most important players in this space.

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