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Blockchain.com’s reach 37 million users and $1 trillion in transactions

In this post:

  • Crypto market resilience, Blockchain.com secures $110M funding amid volatility.
  • Investor confidence in crypto, Kingsway Capital leads Series E.
  • Blockchain.com’s reach, 37M users, $1T in transactions.

Leading cryptocurrency exchange and wallet provider, Blockchain.com has successfully closed a $110 million Series E financing round, significantly reducing its valuation from its peak in March 2022. The latest investment, led by Kingsway Capital, indicates continued interest in the crypto sector despite the recent market fluctuations.

Blockchain.com, a prominent name in the cryptocurrency industry, has concluded a Series E funding round, raising $110 million. This financing round was led by Kingsway Capital, a venture capital firm based in the United Kingdom. Notable participants in this round include Baillie Gifford, Lakestar, and Coinbase Ventures, among others.

Blockchain.com’s valuation, market resilience, and user impact

What stands out about this funding round is the substantial decline in Blockchain.com’s valuation compared to its peak in March 2022. Earlier this year, Blockchain.com experienced a surge in valuation from $5.2 billion to a staggering $14 billion. However, the recent funding round has cut that valuation by more than half, reflecting the inherent volatility and uncertainties in the cryptocurrency market.

Despite the reduction in valuation, Blockchain.com’s ability to secure a significant investment highlights the enduring appetite for investments in crypto-related businesses. The crypto market has witnessed substantial fluctuations in recent months, partly attributed to events like the liquidity crisis triggered by the collapse of the Terra ecosystem and its repercussions on entities like Three Arrows Capital (3AC).

Blockchain.com’s previous funding round in March 2022 was notable for its participation by global venture capital firm Lightspeed Ventures and Baillie Gifford, known for its early investments in growth stocks like Tesla. While the recent investment has caused a dip in the firm’s valuation, it underscores the continued interest in crypto companies.

The broader enthusiasm for crypto assets is intertwined with the pending applications for spot Bitcoin exchange-traded fund (ETF) products from financial giants such as BlackRock and Fidelity. These potential ETFs could open up new avenues for traditional investors to access the cryptocurrency market, further fueling its growth.

Blockchain.com’s profile and user base

Blockchain.com, founded in 2011, has established itself as a leading player in the cryptocurrency industry. The platform boasts 37 million verified users and a staggering 82 million wallets. Notably, Blockchain.com has facilitated over $1 trillion in total transaction value, underlining its significance in the crypto ecosystem.

As the cryptocurrency market continues to evolve and attract diverse participants, companies like Blockchain.com remain integral in providing essential services such as wallet solutions, exchange platforms, and blockchain analytics.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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