- Cryptocurrency platform Blockchain.com is now valued at $14 billion.
- The up to date valuation, which is nearly 3x greater than its valuation a 12 months in the past, comes after Blockchain.com closed a Collection D funding spherical.
- Blockchain.com’s 37 million customers have opened 82 million crypto wallets and have made transactions price over $1 trillion to-date.
In response to its most up-to-date valuation, cryptocurrency platform Blockchain.com is now price $14 billion. This up to date worth comes after the U.Okay.-based firm closed a Collection D funding spherical this week. The quantity of the brand new spherical, which was led by Lightspeed Enterprise Companions, was undisclosed. Blockchain.com’s funding now totals $490 million.
The brand new $14 billion valuation is up nearly 3x from $5.2 billion, the valuation Blockchain obtained at its Collection C financing spherical of $300 million in March of final 12 months. So far as valuations within the crypto area, $14 billion is quite a bit, nevertheless it doesn’t place Blockchain.com on the prime. Rivals Coinbase and Revolut are valued at $56 billion and $33 billion, respectively.
Blockchain.com was based in 2011 and serves as a platform for customers to purchase, promote, maintain, and commerce cryptocurrencies. With 82 million crypto wallets, the corporate’s 37 million customers have made transactions price over $1 trillion to-date.
Blockchain.com has 5 acquisitions underneath its belt, together with ZeroBlock, RTBTC.com, AiX, SeSocio.com, and Altonomy. The latest purchase was the OTC buying and selling and executions enterprise of Singapore-based Altonomy. Blockchain.com anticipates the acquisition will spur the expansion of its institutional enterprise.
As for what’s subsequent for Blockchain.com, the corporate is presently exploring the launch of its personal NFT market. The brand new platform, which is presently in beta, will allow customers to browse, purchase, promote, and retailer NFTs with out leaving their Blockchain.com pockets.
Picture by Arthur Mazi on Unsplash