Coinbase, which is considered one of the most powerful companies in crypto world, is currently is on the top of the list of most valued startups in the field of technology. This is caused by finishing of a new funding round.
According to the crypto exchange’s announcement, made on Tuesday, it completed the funding of Series E in the amount of $300 million. Coinbase President & COO Asiff Hirji reported that such premier investors as Polychain Capital have participated in this funding round,
In the announcement, Hirji claimed that the exchange, which presented recently brand new listing framework of crypto token, is going to list great number of cryptocurrencies in the short period. Besides, he added that the company is eager to add many cryptocurrencies to its platform and necessary measures for supporting such inclusion are actually taken.
In his interview with Bloomberg he explained that Coinbase (which has been recently licensed as a qualified crypto custodian) do not need any funding and there are only “opportunistic” reasons for pursuing it. According to the company’s documents, Coinbase gained a significant profit amounting $380 million in 2017 and it is predicted that the profit will continue to grow in 2018 to $456 million.
We consider this to be a good step, which will give impetus to the development of many altcoins. It seems that among a couple of thousands of coins in the cryptocurrency market, a couple or two hundred coins are indeed worthy of listing on Coinbase.
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