Market Cap: $133.42B

|

Vol24: $28.57B

|

dominance: 52.03%

Coinbase has a market valuation of $8 billion

Coinbase is now considered an $8 billion company

Market valuation of the American company Coinbase, which owns the eponymous cryptocurrency exchange and payment service, could reach $8 billion by results of negotiations.

Coinbase is in talks with Tiger Global and its shareholders regarding the potential to attract investments in the amount of $500 million. Half of this amount will be the assets of the company, and the other half will be used for the purchase of shares from existing investors.

Investment firm Tiger Global Management was founded in 2011. She still engages in global investment in private and public markets.

Chief Executive officer of the cryptocurrency investment company Galaxy Digital Michael Novogratz said:

"The news about these talks prove what cryptocurrencies like Bitcoin is something more than a normal "Tulip mania". Coinbase, which reached a value of eight billion dollars, is an exemplary representative of the cryptocurrency space. Tiger Global, in turn, also is a pretty big investor."

If the deal is successful, then Coinbase will become one of the most expensive startups in USA. Last year after a series D funding round, which was attended by Draper Associates, IVP, Section 32 and others, Coinbase was worth an estimated $1.6 billion.

Over the past year, Coinbase has implemented a number of ideas for growing own business on multiple fronts. In may the company announced the launch of four new products, the purpose of which is to attract $10 billion owned by institutional investors.

Coinbase recently introduced a new product Coinbase Bundle, which it purports will simplify the crypto trading process. Coinbase Bundles is a package of five cryptocurrencies supported by the exchange: Bitcoin, Bitcoin, Cash, Litecoin, Ethereum and Ethereum Classic.

In addition, Coinbase has recruit staff from the traditional financial institutions, such as Google, Facebook, Amazon and Microsoft. On Tuesday Coinbase announced that Chris Dodds, a member of the board at Charles Schwab, would be joining the exchange’s board to contribute to the Coinbase’s expansion in terms of its financial services capabilities.


TOP 20 coins by Market Cap

Bitcoin

Bitcoin | BTC

$3954.51052707 $69.4B
-0.73
Ethereum

Ethereum | ETH

$145.48611156 $15.27B
-1.41
Ripple

Ripple | XRP

$0.3224314108 $13.32B
-2.64
EOS

EOS | EOS

$3.744345614 $3.39B
-3.1
Litecoin

Litecoin | LTC

$49.0453920013 $2.97B
-4.24
Bitcoin Cash

Bitcoin Cash | BCH

$142.372514518 $2.51B
-3.06
Tether

Tether | USDT

$1.0064663194 $2.03B
0.02
Stellar

Stellar | XLM

$0.0890901367 $1.71B
-1.48
TRON

TRON | TRX

$0.0247817568 $1.65B
-1.77
Binance Coin

Binance Coin | BNB

$10.2554473276 $1.45B
-7.37
Cardano

Cardano | ADA

$0.044873167 $1.16B
-4.8
Monero

Monero | XMR

$50.7596751702 $0.85B
-3.07
IOTA

IOTA | MIOTA

$0.3032272149 $0.84B
-3.1
Dash

Dash | DASH

$84.7113283771 $0.73B
-2.89
Maker

Maker | MKR

$645.645363613 $0.65B
-0.58
NEO

NEO | NEO

$8.6721735953 $0.56B
-4.86
Ethereum Classic

Ethereum Classic | ETC

$4.4999211569 $0.49B
-4.06
NEM

NEM | XEM

$0.043465001 $0.39B
-0.8
Zcash

Zcash | ZEC

$54.2266221725 $0.32B
-1.92
Waves

Waves | WAVES

$2.8240946858 $0.28B
0.38
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