Blockchain.com Secures $110 Million in Series E Funding
Blockchain.com, a cryptocurrency enterprise that offers a digital asset exchange, a blockchain explorer, and a non-custodial wallet, has recently announced that it has raised $110 million in a Series E funding round. The funding round was led by Kingsway, a prominent investor in the crypto space. This news has garnered significant attention in the industry, highlighting the continued growth and potential of Blockchain.com.
Notable Investors Participate in the Funding Round
In addition to Kingsway, several other notable investors participated in the Series E funding round for Blockchain.com. These investors include Coinbase Ventures, Lakestar, Lightspeed Venture Partners, and Baillie Gifford. The participation of these investors further validates the potential of Blockchain.com and its role in the cryptocurrency ecosystem.
This funding round also saw the involvement of investors who had previously participated in the Series D round. This demonstrates the continued confidence and support from existing investors in Blockchain.com's vision and growth trajectory. Despite this successful funding round, it is worth noting that Blockchain.com's post-valuation is reported to be less than half of its estimated value in 2022, indicating potential challenges and market dynamics in the crypto industry.
Blockchain.com's Strategic Acquisitions and Investments
Blockchain.com has not only attracted significant funding but has also made strategic acquisitions to enhance its offerings and expand its reach in the crypto market. Over the years, the company has acquired Zeroblock, rtbtc.com, Aix, sesocio.com, and Altonomy. These acquisitions have allowed Blockchain.com to strengthen its position and offer a wide range of services to its users.
In addition to acquisitions, Blockchain.com has actively invested in various crypto projects, supporting initiatives like Zetachain, Arbitrum, Messari, and Gnosis. This commitment to investing in the crypto space further solidifies Blockchain.com's role as a key player in the industry.
Expanding Services and Partnerships
Blockchain.com has not only focused on acquisitions and investments but has also expanded its services and formed strategic partnerships. The company introduced a crypto Visa card in October 2022, offering users 1% cashback in crypto rewards. This move aims to make cryptocurrencies more accessible and integrated into everyday financial transactions.
Furthermore, Blockchain.com secured a payment license in Singapore in August, indicating its commitment to expanding its global presence and complying with regulatory requirements. The company also formed a multi-year partnership with the Dallas Cowboys and their star quarterback, Dak Prescott, in 2022, showcasing the increasing mainstream adoption and acceptance of cryptocurrencies.
Blockchain.com's successful Series E funding round demonstrates the continued growth and potential of the company in the cryptocurrency industry. With significant investments, strategic acquisitions, and expanding services, Blockchain.com is well-positioned to capitalize on the evolving crypto landscape. As the industry continues to mature, Blockchain.com's role as a leading player is expected to strengthen, offering innovative solutions and driving the adoption of cryptocurrencies.
What are your thoughts on Blockchain.com's recent funding round? Share your opinions and insights in the comments below.
Frequently Asked Questions
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$6 per month is the Individual Retirement Account Fee (IRA). This includes account maintenance fees and investment costs for your chosen investments.
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- If you take distributions before hitting 59.5, you'll owe a 10% penalty on the amount withdrawn. (lendedu.com)
- You can only purchase gold bars at least 99.5% purity. (forbes.com)
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- 7 U.S. Code SS 7 – Designation of boards of trade as contract markets
- 26 U.S. Code SS 408 – Individual retirement accounts
- Saddam Hussein's InvasionHelped Uncage a Bear In 90 – WSJ
- Are you interested in keeping gold in your IRA at-home? It's Not Exactly Legal – WSJ
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By: Jamie Redman
Title: Blockchain.com Raises $110 Million in Series E Round Led by Kingsway
Sourced From: news.bitcoin.com/blockchain-com-raises-110-million-in-series-e-round-led-by-kingsway/
Published Date: Thu, 16 Nov 2023 12:30:24 +0000