Blockchain.com has over 31 million verified users. Recording a 3x increase in active users and a total of 70.243 million unique wallets.

London-based cryptocurrency firm Blockchain.com has raised $300 million in its latest funding round with a valuation of $5.2 billion.

The Series C round was led by DST Global, Lightspeed Venture Partners, and VY Capital.

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Just last month, the Blockchain.com that offers digital wallets. For storage of cryptos along with trading and other services for larger investors said. It raised about $120 million with investment from Alphabet Inc’s venture capital unit.

Launched in 2011, the total number of unique Blockchain.com wallets created has reached 70.243 million to date.

Blockchain.com has more than 31 million verified users in over 200 countries. Recording a 3x increase in active users over the past 12 months. Peter Smith, CEO & co-founder of Blockchain said,

“With one of the most significant balance sheets in the industry, we plan to aggressively expand the products we offer our customers, grow our global team, and pursue M&A opportunities to bring exciting new products and ideas into the company.”

 

Bitcoin soaring to a record high of nearly $62,000 this month. Leading to ballooning valuations of companies in the crypto space.

Blockchain, a cryptocurrency service provider, has raised $120 million in its latest funding round. The funding included investments from Alphabet Inc’s venture capital unit GV.

Other investors in the funding round included hedge fund manager Kyle Bass, investment firms Moore Strategic Ventures, Rovida Advisors, and Lightspeed Venture Partners, and industrial group Access Industries, the company said.

The London-based company said. About 28% of all Bitcoin transactions since 2012 routed through the platform.

The total number of unique Blockchain.com wallets created. Reached 67.72 million, up from 32 million at the beginning of 2019 and almost 11 million at the start of 2017, as per their website.

Gaining immense acceptance among mainstream investors and companies, the price of Bitcoin has jumped past $52,000, up from about $30,000 at the beginning of this year.

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