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Crypto news : Coinbase raises $100 million dollars in funding round

Directnic

Coinbase announced that they have raised $100 million dollars, in a Series D funding round, led by IVP.

With participation from Spark Capital, Greylock Partners, Battery Ventures, Section 32 and Draper Associates, the latest funding round is an acknowledgement of the growth Coinbase has experienced.

Having processed over $25 billion dollars’ worth of digital crypto currencies, Coinbase will utilize this investment to perform the following tasks:

  • Increase the size of its engineering and customer support teams to improve the customer experience.
  • Open a GDAX office in New York City, further investing in its ability to serve institutions and professional traders.
  • Invest in Toshi, to help accelerates digital currency’s shift from speculative investment to global payment network.

Read the full announcement by Coinbase.


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