• CoinList has been valued at $1.5 billion following a $100 million Series A funding round

  • The platform’s growth over the last year mirrors the evolution of cryptocurrency from a fringe financial product to a mainstream digital asset class.

    CoinList, a cryptocurrency listing platform, has completed a $100 million Series A fundraiser to fuel its global business expansion, bringing its total valuation to $1.5 billion.

    The funds will be used to help CoinList scale its business operations, support its early adopter community, and launch new product offerings, the company announced on Tuesday. Accomplice and Agman venture funds co-led the fundraising, with participation from Fenbushi Capital, DFG, CMT Digital, FBG Capital, and others.

    CoinList’s user base has increased 42 times in the last year, demonstrating the widespread adoption of cryptocurrency. The platform is intended to provide investors with early access to new token projects before they are listed on major exchanges like Coinbase or Binance. Over the last year, Turkey, Venezuela, Russia, Japan, and the United Kingdom have been its most important sources of growth. The company currently has 4.5 million users in over 170 countries.

    Several crypto- and blockchain-focused companies have achieved unicorn status in 2021, a term that refers to startups with a valuation of $1 billion or more. Bitso and Mercado are South American cryptocurrency exchanges. Bitcoin joined the exclusive club earlier this year, while derivatives platform FTX became a “decacorn” with a $18 billion valuation. As previously reported by ULTCOIN365, NFT firm Candy Digital recently completed a $100 million Series A funding round, bringing its total valuation to $1.5 billion.

    This year, venture funds have poured billions of dollars into cryptocurrency startups, as smart money investors continue to back emerging projects that have the potential to reshape the global financial system. Earlier this year, Silicon Valley venture firm Andreessen Horowitz announced a $2.2 billion investment in emerging crypto projects. Galaxy Interactive confirmed last week that it had raised another $325 million from 70 investors to support new portfolio companies.

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