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Blockchain.com Rakes In $120 Million in New Funding

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Wed, 17/02/2021 - 13:44
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Blockchain.com Rakes In $120 Million in New Funding
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Blockchain.com, one of the pioneering firms within the cryptocurrency industry, has raised $120 million in a new funding round.

The list of participants includes New York-based investment firm Moore Strategic Ventures, multinational industrial group Access Industries and others.    

In his blog post, Blockchain.com CEO Peter Smith claims that that the company's newly injected cash will help the firm to continue building and innovating:

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Companies are adding bitcoin to their balance sheets, central banks are taking notice of the innovations in DeFi, and we’re seeing all time high after all-time high.

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65 million cryptocurrency wallets

Apart from reflecting on the growth of the entire cryptocurrency space over the past six years, Smith also underscored Blockchain.com's own achievements such as 65 million crypto wallets.

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Six years later, we've come a long way. Bitcoin just crossed the monumental price target of $50k. Over 65M Wallets have been created in 200+ countries. And 28% of all Bitcoin transactions since 2012 have occurred via Blockchain.com, representing billions in transaction volume.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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