Coinbase estimates its business at $ 8 billion – media
Coinbase, a US-based cryptocurrency firm, is valuing itself at $ 8 billion, sources familiar with the Earn.com startup said..
According to Recode, the purchase of a startup was associated with the transfer of a package of securities, the cost of which makes it possible to establish that Coinbase values its business exactly in such an amount, which is significantly different from the values that were named less than a year ago..
In August last year, after the completion of round D funding, during which the company managed to raise $ 100 million, Coinbase was valued at $ 1.6 billion, which allowed it to become the first “unicorn” of the cryptocurrency industry..
A lot has happened in these 8 months both in the cryptocurrency industry and within Coinbase.
The company said it earned more than $ 1 billion in 2017, with a significant portion of that amount coming in the fourth quarter..
The exchange operator is also negotiating with regulators regarding obtaining broker status, which will allow him to include cryptocurrency tokens in his listing in accordance with the requirements of the law.
In addition, Coinbase has significantly expanded its product line to include a crypto custody service for institutional investors and a cryptocurrency index fund. The company has also redesigned its payment platform to allow merchants to accept payments in cryptocurrencies..
At the same time, not only Coinbase itself believes that its value has grown exponentially over the past 8 months. As noted by CCN, brokers representing the interests of investors wishing to buy a stake in the company made their offers based on a value of $ 4.5 billion to $ 6 billion..
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