Blockchain.com raises fresh capital in a strategic funding round.
Funding round was led by Kingsway Capital and included existing investors Baillie Gifford and Lightspeed Venture Partners.
The exchange recently received approval to operate in Singapore.
Company was last valued at $14 billion following its Series C funding.
London based crypto exchange Blockchain.com has reportedly concluded a strategic funding round for an undisclosed amount.
According to a report published by Bloomberg, the funding round was led by UK based Kingsway Capital, and saw participation from existing investors including Baillie Gifford and Lightspeed Venture Partners.
This investment comes at a time when most companies in the crypto industry are struggling to keep up with the ongoing bear market that has brought down the global cryptocurrency market capitalization from $2.1 trillion at the beginning of the year to $923 billion today.
Investments in crypto startups in particular have taken a hit. Research...
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