American cryptocurrency exchange Coinbase announced the successful closure of the funding round, which the company received $300 million Thus, the total market value Coinbase has exceeded $8 billion.
It is reported that the financing round was led by American Fund Tiger Global Management. In addition, the largest investors were companies Y Combinator Continuity, Wellington Management, Andreessen Horowitz, Polychain, and others.
According to the President and COO of Coinbase Aseffa, Hirji (Asiff Hirji), the funding will go to “accelerate the introduction of cryptocurrencies and digital assets”.
“Now there are hundreds of tokens that would Coinbase wanted to add to its platform, and in the future there will be thousands”, – he said.
Hirji also submitted a more detailed plan:
- Global expansion – infrastructure for Fiat and cryptocurrency assets around the world on a regulated market;
- Accelerating the introduction of new cryptocurrencies on the site;
- The practical use of the cryptocurrency and adding stablon USDC for the site;
- The involvement of institutional investors – development of new features and a listing of assets for custodial services to attract more institutional investors.
“We believe that cryptocurrencies and the technology behind them, will lead to a revolution in the computer sphere, and also will change the Internet and the financial system for the better. We see promising opportunities of cryptocurrencies to create the next phase of the Internet (Web 3.0)”, – said Hirji.
Recall that recently, Coinbase has reduced some of their employees. There is also information that the largest us cryptocurrency exchange plans to enter the stock exchange.