As Coinbase is about to go public within the U.S., one other cryptocurrency firm is having a blockbuster first quarter of 2021. Blockchain.com, the corporate behind a preferred cryptocurrency pockets, an change, a block explorer and extra has raised a $300 million Collection C spherical.
For those who’ve been paying consideration, it’s possible you’ll keep in mind that I wrote about Blockchain.com final month. On the time, the corporate introduced a $120 million funding round. In different phrases, the corporate is elevating as soon as once more only a few weeks after its earlier funding spherical.
This time companions of DST World, Lightspeed Enterprise Companions and VY Capital are main the spherical. Current traders additionally participated. Following at present’s funding spherical, the corporate has reached a post-money valuation of $5.2 billion.
Initially named Blockchain.information, the corporate first launched a blockchain explorer. For those who’re not conversant in the blockchain trade, an explorer permits you to enter the hash of any transaction that happens on a blockchain to get extra data — you’ll be able to retrieve the transaction quantity, the variety of confirmations, the pockets addresses of the sender and the receiver, and so on.
However Blockchain.com is healthier identified for its open-source pockets. The corporate provides a noncustodial pockets, which implies that you’re accountable for your non-public keys. Blockchain.com can’t straight entry your funds.
Thirty-one million customers have verified their identities on Blockchain.com. The variety of energetic customers have tripled over the previous 12 months.
Blockchain.com has diversified its actions over time. It has launched an exchange as a way to purchase and promote cryptocurrencies from Blockchain.com straight. The startup additionally provides providers to institutional traders. Blockchain.com will help you in relation to shopping for and promoting cryptocurrencies, custody, massive over-the-counter transactions, and so on.
With regards to income, “Blockchain.com is very worthwhile throughout every of our enterprise strains,” co-founder and CEO Peter Smith wrote. The brand new inflow of funding is all about working with late-stage traders and rising quickly. You’ll be able to count on some Blockchain.com acquisitions down the highway as an example.
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