• Blockchain.com’s valuation has risen to $14 billion as a result of recent funding

  • After closing its latest funding round at a valuation of around $14 billion, Blockchain.com has become one of the most valuable cryptocurrency platforms.

    Lightspeed Venture Partners led the financing round, with Baillie Gifford & Co also participating. They were both existing investors in the crypto company.

    However, the startup has not officially confirmed anything, and the amount of funding is unknown at this time.

    Blockchain.com, which was founded in 2011, has grown into a major crypto platform over the years. It has 37 million verified users, 82 million wallets, and has processed over $1 trillion in transactions, according to its website. The company relocated its US headquarters from New York to Miami last year.

    A Well-Capitalized Crypto Company

    The latest valuation is a significant increase from the company’s $5.2 billion valuation in March of last year, when it raised $300 million. Lightspeed and VY Capital were among the investors in that round.

    However, Baillie Gifford made the single largest investment in the crypto company last April, for $100 million.

    Despite being a British company, Blockchain.com’s name appeared on a list of crypto companies withdrawing from the UK Financial Conduct Authority’s (FCA) temporary licensing register. Those requirements demanded that the company be approved for an anti-money-laundering (AML) scheme or cease operations by March 31.

    On March 29, Blockchain.com withdrew its application and will continue to operate in Europe under its Lithuanian license.

    Meanwhile, other Blockchain.com competitors are receiving massive valuations. Global FTX, led by crypto billionaire Sam Bankman-Fried, was valued at $25 billion, with its US affiliate valued at $8 billion.

    However, the valuation of Binance, the world’s largest crypto exchange by trading volume, is unknown.

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