Blockchain.com Valuation Soars To $14B After Latest Funding Round

Blockchain.com, the cryptocurrency exchange, and financial services firm, has reportedly raised new funding at a $14 billion valuation.

According to Bloomberg, the latest funding round was led by the global venture capital firm, Lightspeed Ventures, and Baillie Gifford & Co., which is an investment firm renowned for its early involvement in growth stocks, such as Tesla.

Although not yet publicly confirmed by Blockchain.com or investors, the funding round reportedly saw the firm’s valuation increase more than $8 billion, from $5.2 billion to $14 billion. The total amount of funding raised is also yet to be confirmed.

Blockchain.com is currently one of the world’s largest cryptocurrency companies. Founded in 2011, the company offers a wide range of blockchain-based financial services including its exchange platform, cryptocurrency wallets and specific institutional products.

The firm’s last major funding round prior to the Series C round took place back in March 2021, and saw the firm raise $300 million in Series C funding at a $5.2 billion valuation. The funding round was led by DST Global, Lightspeed Venture Partners and VY Capital.

In other news, Blockchain.com has joined the list of companies withdrawing from the UK Financial Conduct Authority’s (FCA) temporary register for cryptocurrency asset licensing.

The register outlines that firms must be approved under an anti-money-laundering (AML) scheme or cease trading by 31 March, 2022.

Blockchain.com withdrew its application on 29 March, 2022, opting to operate in Europe via a Lithuanian registration instead. Institutional cryptocurrency trading provider, BC2C, also withdrew from the UK on March 11.