Raises $110M in a Funding Round Co-led by Coinbase Ventures

Crypto exchange and wallet provider has secured a $110 million fund raise in a Series E funding round.

The funding values the company at less than half of its previous $14 billion.

The round was led by U.K.-based Kingsway Capital with participation from Lakestar, Lightspeed Venture Partners, and Coinbase Ventures.

Last year, Bloomberg reported that was looking to raise another round at a valuation of $3 billion-$4 billion.

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