A mammoth £219 million funding round has valued Blockchain.com at £3.8 billion.
The London firm is billed as the most popular place to securely buy, store, trade and use cryptocurrency.
Led by CEO and co-founder Peter Smith, it says its platform is trusted by 70m wallets, with more than $620bn in transactions having gone through the platform since 2013.
“Since 2011, the Blockchain.com team has been heads down, relentlessly focused on building a company at the intersection of cryptocurrency, institutions, and (most importantly) people around the world,” Smith wrote in a Medium post.
“We continue to be honoured by the trust our consumer and institutional clients put in us each day.”
More than 31m verified users in 200+ countries use Blockchain.com’s products and it has seen a three-times increase in active users over the past 12 months alone.
The Series C round features partners of DST Global, Lightspeed Venture Partners and VY Capital, with participation from other existing investors from around the world.
Blockchain.com raised around £87m from ‘macro investors’ barely a month ago.
“While Blockchain.com is highly profitable across each of our business lines, we believe that our new partners, who have experience in supporting companies during times of hyper growth, are the perfect complement to our recent addition of some of the best macro investors like Louis Bacon and Kyle Bass,” continued Smith.
“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.
“I couldn’t be more proud of the team, I couldn’t be more optimistic about the future of Blockchain.com, our products, and our brand to meet this moment.”blockchainCryptocurrency