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 well-liked cryptocurrency pockets, an trade, a block explorer and extra, has raised a $300 million Sequence C spherical.
When you’ve been paying consideration, you could keep in mind that I wrote about Blockchain.com final month. On the time, the corporate introduced a $120 million funding spherical. In different phrases, the corporate is elevating as soon as once more only a few weeks after its earlier funding spherical.
This time, DST World, Lightspeed Enterprise Companions and VY Capital are main the spherical. Present traders additionally participated. Following in the present day’s funding spherical, the corporate has reached a post-money valuation of $5.2 billion.
Initially named Blockchain.data, the corporate first launched a blockchain explorer. When you’re not conversant in the blockchain business, an explorer enables you to enter the hash of any transaction that happens on a blockchain to get extra data — you possibly can retrieve the transaction quantity, the variety of confirmations, the pockets addresses of the sender and the reveiver, and so on.
However Blockchain.com is healthier identified for its open-source pockets. The corporate presents a noncustodial pockets, which signifies that you’re in command of your non-public keys. Blockchain.com can’t immediately entry your funds.
31 million customers have verified their identities on Blockchain.com. The variety of lively customers have tripled over the previous 12 months.
Blockchain.com has diversified its actions over time. It has launched an trade to be able to purchase and promote cryptocurrencies from Blockchain.com immediately. The startup additionally presents companies to institutional traders. Blockchain.com may help you with regards to shopping for and promoting cryptocurrencies, custody, massive over-the-counter transactions, and so on.
On the subject of income, “Blockchain.com is extremely 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 possibly can count on some Blockchain.com acquisitions down the highway for example.
