Crypto Company, Blockchain.com Raises $300m At $5.2 Billion Valuation

Crypto services firm Blockchain.com has raised $300 million in series C financing, the third-largest in the industry's history, the company announced on Wednesday.

The deal now highlights venture capital's increasing willingness to hop back on the crypto train, with the investment into the London-headquartered firm being led by DST Global, Lightspeed Venture Partners, and VY Capital.

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Blockchain.com’s announcement comes on the heels of a $120 million raise last month, in what the firm called a “strategic growth round.” At the time, the company was reported to be worth $3 billion.

The company now has 31 million verified users across 200 countries and 70 million digital “wallets,” or software used to store bitcoins. Blockchain.com offers retail trading and a range of services for professional investors like credit, structured products, trading, and custody. Between debt and equity, the company has raised $1.5 billion since its inception in 2011, according to Chief Executive Peter Smith.