Investment evaluation Coinbase will rise to $8 billion after new funding round

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Investment evaluation Coinbase will rise to $8 billion after new funding round

The largest cryptocurrency company Coinbase, the US is in the final stages of talks on a new round of financing of up to $500 million, after which its investment rating will increase to $8 billion. it is reported by Recode, citing sources familiar with the situation.

According to the publication, based in San Francisco company, which owns the bitcoin exchange and wallet, as well as a number of other cryptocurrency services, is in talks with new York investment firm Tiger Global. Also the transaction involves the current Coinbase investors, with Tiger Global plans to redeem some of their shares in the company.

The successful conclusion of negotiations would mean that Coinbase will be one of the most valued startups in the U.S., while existing investors are selling secondary placement will allow him to be in cash.

Representatives from Coinbase and Tiger Global from comments about new investment in California company, abstained.

We will remind, in August of 2017 Coinbase became the first in the cryptocurrency industry, “the unicorn” closing a round of financing of Series D at $100 million.

Despite the fact that in 2018 amid falling market of cryptocurrencies, the financial position of Coinbase is also affected, the company remains profitable, and the interest in it remains high.

It is noteworthy that in the beginning of the year, the company was forced to make a warning to potential intermediaries, requiring them to cease to besiege her with suggestions. By the shareholders of the company at the same time forbidden to sell their shares on the secondary market.

Note that the publication also reports circulating for some time in the cryptocurrency space are rumors that in the plans there is the Coinbase IPO.

Meanwhile, she Coinbase today announced that the company’s Board of Directors included highly respected in financial circles Chris Dodds, senior adviser on direct investments, The Charles Schwab Corporation.

We will remind, in September it was reported that Coinbase is also exploring the possibility of launch-focused bitcoin exchange-traded investment Fund, and to this end conducted consultations with the firm BlackRock.

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