Coinbase Raises $100 Mln to Expand Staff as Bitcoin Has Netscape Moment

Major cryptocurrency wallet and exchange Coinbase has announced it has raised $100 mln in Series D funding.

In a blog post Thursday, CEO Brian Armstrong said the investment represented a “major milestone” for the company, with resources principally going into customer support improvements.

“Coinbase experienced unprecedented growth over the last year, and we have now exchanged over $25 bln USD of digital currency for our customers. We’ll be using this new funding to continue scaling even further,” he wrote.

The round was led by IVP, with additional participation from familiar names including Spark Capital and Tim Draper’s Draper Associates.

Full story at http://bit.ly/2hRrmux

Source: CoinTelegraph

 

 

 

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