- Cryptocurrency platform Blockchain.com is now valued at $14 billion.
- The updated valuation, which is almost 3x higher than its valuation a year ago, comes after Blockchain.com closed a Series D funding round.
- Blockchain.com’s 37 million users have opened 82 million crypto wallets and have made transactions worth over $1 trillion to-date.
According to its most recent valuation, cryptocurrency platform Blockchain.com is now worth $14 billion. This updated value comes after the U.K.-based company closed a Series D funding round this week. The amount of the new round, which was led by Lightspeed Venture Partners, was undisclosed. Blockchain.com’s funding now totals $490 million.
The new $14 billion valuation is up almost 3x from $5.2 billion, the valuation Blockchain received at its Series C financing round of $300 million in March of last year. As far as valuations in the crypto space, $14 billion is a lot, but it doesn’t place Blockchain.com at the top. Competitors Coinbase and Revolut are valued at $56 billion and $33 billion, respectively.
Blockchain.com was founded in 2011 and serves as a platform for users to buy, sell, hold, and trade cryptocurrencies. With 82 million crypto wallets, the company’s 37 million users have made transactions worth over $1 trillion to-date.
Blockchain.com has five acquisitions under its belt, including ZeroBlock, RTBTC.com, AiX, SeSocio.com, and Altonomy. The most recent buy was the OTC trading and executions business of Singapore-based Altonomy. Blockchain.com anticipates the purchase will spur the growth of its institutional business.
As for what’s next for Blockchain.com, the company is currently exploring the launch of its own NFT marketplace. The new platform, which is currently in beta, will enable users to browse, buy, sell, and store NFTs without leaving their Blockchain.com wallet.