Bitcoin exchange Coinbase seeks new funds at $1 billion valuation: Wall Street Journal
From Reuters
Bitcoin exchange Coinbase Inc is in talks with potential investors on a new round of funding at a valuation of more than $1 billion, the Wall Street Journal reported on Friday.Read more here: http://www.reuters.com/article/us-coinbase-fundraising-idUSKBN18T2XDIt is not clear which investors are committing to the round, which was described as targeting around $100 million or more, the Journal reported, citing people familiar with the matter. (on.wsj.com/2rtMkk8)
That would represent the biggest funding round on record for venture-backed bitcoin companies, the report said.
A Coinbase spokesman declined to comment when contacted by Reuters.
Coinbase, the world's largest bitcoin company, has seen heavy traffic and trading on its platform in recent weeks as bitcoin reached all-time highs.
Demand for crypto-assets has soared with the creation of new tokens to raise funding for start-ups using blockchain technology.
Follow @contentjunkie to stay up to date on more great posts like this one.
@contentjunkie Isn't it crazy?! 1 Billion valuation :O If you get the chance, can you upvote my newest post where I teach you how to become a millionaire with crypto? :) Thanks! https://steemit.com/money/@parkermorris/become-a-millionaire-in-the-next-5-years-with-these-5-simple-steps
I wonder if they'll have any money for the alt coins..