Crypto firm raises $300 million, valued at $5.2 billion

24 March 2021, 

LONDON (Reuters) – Cryptocurrency firm said on Wednesday it had raised $300 million in its latest funding round at a valuation of $5.2 billion.

The round was led by DST Global, Lightspeed Venture Partners and VY Capital, the London-based company said offers digital wallets for storage of cryptocurrencies as well as retail trading and other services for larger investors.

Bitcoin soared to a record just shy of $62,000 this month as mainstream firms and investors increasingly embrace cryptocurrencies, leading to ballooning valuations of related companies. said last month it raised about $120 million, with investments from Alphabet Inc’s venture capital unit.

(Reporting by Tom Wilson; Editing by Edmund Blair)

Copyright @ 2021 Thomson Reuters


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