Coinbase has raised $300 million in the new round of funding

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Coinbase has raised $300 million in the new round of funding

Coinbase cryptocurrency exchange October 30, officially announced on the website of the Medium that attracted another $300 million, According to a post-investment evaluation, at the end of round E the value of the company is $8 billion.

In this round of financing took part of the company Tiger Global Management, Y Combinator Continuity, Wellington Management, Andreessen Horowitz, and Polychain.

According to the head of the stock exchange of Asifa, Hirji, the funds will be used for further expansion. The company intends to associate Fiat and crypto-currencies in the global market. Because while all world are used primarily Fiat currency, the necessary infrastructure, which connects them with the cryptocurrency, making it will be possible to transition from traditional to digital money.

In addition, before the exchange is tasked to accelerate the process of placement of new assets on the platform. Now Coinbase offers hundreds of cryptocurrencies, and intends soon to increase that number to several thousand.

The exchange will continue to place service tokens, as exemplified by the recent listing of the USDC.

Finally, Coinbase seeks to contribute to the output of cryptosphere traditional financial institutions. To this end, the exchange plans to launch Depositary services.

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