Bitcoin Exchange CoinBase May be Moving to Unicorn Status


HOLY CRYPTOCURRENCY!! Welcome to the new reality, bitcoin (digital currency) doubters. Coinbase, an “established” website where you can buy, sell and store cryptocurrencies, may be raising capital at a staggering $1 BILLION valuation, placing it squarely into unicorn territory. Needless to say that would be the biggest EVER for a bitcoin company. Nice. The future is looking good.
(Bill Taylor/CEO)

“Coinbase, a website for buying, selling and storing bitcoin and other cryptocurrencies, is talking to investors about raising money at a $1 billion valuation, The Wall Street Journal reports, citing people familiar with the situation.

The funding round isn’t set, but the company is looking to raise around $100 million, which would be the biggest ever for a bitcoin company, the Journal said.

To date, Coinbase has raised about $116.5 million from investors including Andreessen Horowitz, Union Square Venture and DFJ, as well as a number of banks and the NYSE, the paper reported…”

Source: CNBC