San-Francisco-based bitcoin startup Coinbase is planning to secure from $40 million to $60 million in a new funding round.
Tiger Global is considering a $500 million investment in Coinbase, which will make the plattform one of the highest privately valued companies in the US.
Coinbase will be offering its block trading facility on its professional trading platform GDAX which will allow institutional investors to trade digital currencies in bulk.
Given the explosion of the cryptosphere, Coinbase’s valuations have soared by 500% during the last eight months.
Cryptocurrency wallet and exchange services provider became the first unicorn in the bitcoin industry, after completing its new fundraising round.
San-Francisco-based bitcoin startup Coinbase is planning to secure from $40 million to $60 million in a new funding round.