This sub-forum focused on the subject of “The next inflection point in the development of blockchain market”, making a concentrative discussion on the breakthrough of the development in public blockchain technology field, commercial application of dapp, the development of STO, the stablecoins and global regulatory policies, etc.
In addition, BitKop COO Mei Zhuang launched a brand strategy which marked the milestone achievement of BitKop, and announced the 2018 BitKop “Global Selection Plan”.
BitKop’s “Global Selection Plan” will select 10 most featured projects worldwide, which will be awarded the title of BitKop Exchange “Global Featured Projects” of 2018.
The projects winning this title will receive one million worth of global advertising resources, covering 1000 media worldwide, which will provide these projects the greatest exposure and publicity.
At the same time, will host two roadshows worldwide for the top 10 global featured projects. They will also have the chance to be shown on the New York Times Square Screen. Through this plan, BitKop hopes to provide a platform for premium projects and teams, bringing better trading experience and investment targets to its users.
The San Francisco-based cryptocurrency exchange and brokerage service Coinbase announced on Tuesday that it had raised $300 million in series E equity funding. This latest round confirms Coinbase’s status as the largest cryptocurrency organization of its kind, bringing its market valuation up to $8 billion.
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Coinbase Raises More Funds in Order to Expand Global Efforts
Coinbase has raised more money this month after raising $100 million in August in a series D funding round. The company announced on Oct. 30 that the corporation has secured another $300 million from various venture capital investors. The companies who participated in the series E round include Polychain Capital, Y Combinator Continuity, Wellington Management, and Andreessen Horowitz. According to the company’s blog post, Tiger Global Management led the latest Coinbase investment round.
“We’re pleased to announce that Coinbase will add an additional $300 million of investment at a post-money valuation of over $8 billion to accelerate the adoption of cryptocurrencies and digital assets,” the San Francisco company’s blog.
The exchange details that the new funding will be dedicated to expanding services across the globe and that Coinbase plans to “lay the groundwork” to support “thousands” of cryptocurrencies in the future. The cryptocurrency service also detailed that it plans on enticing more institutional interest towards the digital asset economy by bolstering the company’s . Coinbase just from the New York Department of Financial Services on Oct. 23 which will help them build a standalone entity called the Coinbase Custody Trust Company.
Coinbase Envisions ‘Tremendous Promise’
The cryptocurrency exchange also discussed how it the USDC stablecoin and plans to add more “utility applications for crypto” in the future. Coinbase further emphasized that with the new series E funding they will remain “a crypto-first company.” Coinbase has performed well within the cryptocurrency economy since its inception in 2012, gathering roughly 44 investors and seven large funding rounds.
There are a few other online digital currency platforms that will compete with Coinbase in the U.S. One such competitor could be the Voyager backed by Uber co-founder Oscar Salazar. There’s also another unicorn cryptocurrency business that’s raised $246 million to date. After the recent funding round, Coinbase has now raised a total of $525.3 million and the company has reassured the crypto community that the money will be well spent towards spreading cryptocurrency adoption worldwide.
“We see tremendous promise in crypto to build the next great phase of the internet (often referred to as Web 3), which has the power to put control back in the hands of consumers, unleash a new era of innovation, and offer greater access to economic opportunities to more people around the world,” Coinbase concluded.
What do you think about Coinbase raising $300 million in a series E funding round? Let us know what you think about this subject in the comments section below.
Images via Shutterstock, Coinbase, and Pixabay.
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