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CoinList achieves unicorn status following $100M Series A

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TL;DR Breakdown

  • Coinlist has concluded a  $100 million Series A fundraising.
  • The campaign was co-led by venture firms Accomplice and Agman.

Over the past year, the Coinlist’s development has mirrored that of cryptocurrencies from a fringe financial instrument to a mainstream digital asset.

A $100 million Series A fundraising has been completed by cryptocurrency listing platform CoinList, bringing its overall valuation to $1.5 billion.

Coinlist is planning to scale operations

On Tuesday, CoinList announced that it has raised $100 million in series A funding from prominent venture capitalists to support the company’s growth. The money will help CoinList scale its operations, support its community of early adopters, and launch new product offerings.

The campaign was co-led by venture firms Accomplice and Agman, with additional support from Fenbushi Capital, DFG, CMT Digital, FBG Capital, and other investors.

Number of users on CoinList has increased by 42 times in the past year, indicating that worldwide cryptocurrency adoption is gaining momentum. The platform aims to assist investors in getting early access to new token offerings before they are announced on major exchanges like Coinbase or Binance.

The fastest-growing market by player count was Turkey, which increased its player base by 31 percent. Turkey, Venezuela, Russia, Japan, and the United Kingdom were the country’s main contributors to growth in 2017. The company has 4.5 million subscribers across 170 countries as of now.

Several blockchain firms are already unicorns

Several crypto- and blockchain-focused firms have achieved the coveted unicorn status in the year 2021 — a term that refers to firms with a valuation of $1 billion or more. Bitso and Mercado Bitcoin became part of the exclusive club earlier this year, while derivatives platform FTX joined the decacorn club with a value of $18 billion.

The sell-off of NFTs has attracted attention from many people in the crypto sector, with recent transactions including a $100 million Series A funding round for NFT firm Candy Digital, which values it at $1.5 billion.

This year has seen venture investors pour billions of dollars into crypto firms, as smart money investors continue to support innovative projects that may revolutionize the global financial system.

Venture capital firm Andreessen Horowitz announced that it had put up $2.2 billion in funding for crypto startups. Last Thursday, portfolio business Galaxy Interactive confirmed that it had secured another $325 million from 70 investors to fund future businesses in its portfolio.

Beatrice Mastropietro

Beatrice Mastropietro

Beatrice is an experienced freelance Crypto and Financial market writer with several years of experience writing for a variety of businesses, platforms, and media sources. She specializes in developing original content to fit her clients' needs with a dedication to quality and integrity.

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