Coinbase announces $300 million financing led by Tiger Global Management

Coinbase, the United States headquartered bitcoin and blockchain asset exchange company today announced that they will add an additional $300 million of investment at a post-money valuation of over $8 billion to further accelerate and develop their ecosystem.

The Series E equity round is led by Tiger Global Management, with participation from Y Combinator Continuity, Wellington Management, Andreessen Horowitz, Polychain and others.

Coinbase will use this financing to accelerate:

“Coinbase is, and will remain, a crypto-first company. More than anything, we’re proud of the millions of people that have turned to Coinbase as their entry-point into crypto. We take that responsibility very seriously. We strive to be an easy, trusted way for anyone to get started with cryptocurrencies. We see Coinbase’s growth as validation that the ecosystem will only continue to grow in size, influence, and impact — ultimately ushering in a more open financial system for the world.”

Asiff Hirji, President & COO, Coinbase
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