In a sign that investment interest in bitcoin is still on the upswing despite the currency’s recent crash, digital wallet service Coinbase has raised $25 million in a funding round, Finextra reported on December 12.
The round, led by Andreessen Horowitz, adds to the $7 million in seed funding the startup previously raised. Union Square Ventures and Ribbit Capital, two of Coinbase’s existing investors, also participated in the round.
In a statement to Finextra, Coinbase indicated that it receives an average of 10,000 new customer signups each day. Additionally, more than 16,000 merchants have accounts on the site.
To learn more about Coinbase’s funding round, read the full story here.
“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.
We’re always on the lookout for opportunities to partner with innovators and disruptors.
Learn More