Crypto Wallet Blockchain.com Raises $120M USD In Funding

Announcements, Blockchain, Investing, News | February 19, 2021 By:

Blockchain.com has secured a strategic financing round of $120 million to further credentialize the company to institutional clients around the world and build further bridges + trust between the traditional finance sector and crypto.

Participating investors include some of the best macro investors in the world, including Moore Strategic Ventures, Kyle Bass, Access Industries, Lightspeed Venture Partners, GV, Lakestar, Eldridge and others.

Founded in 2011, Blockchain.com is currently the provider of the world’s most popular bitcoin wallet and the most widely used bitcoin APIs. Blockchain.com currently has more than 65 million wallet users in over 200 countries. Blockchain.com’s Institutional Markets business is growing exponentially. While the wallet remains the core of the business, the company’s institutional offering is now significant enough to cover the entire operating cost of the business globally, while also delivering additional operating profits.

“In the midst of a global pandemic, we’re experiencing an unprecedented level of distrust in traditional financial institutions,” said Peter Smith, CEO and Co-founder of Blockchain.com. “An acceleration of commerce online. A fundamental shift for communication, commerce, and investing that will leave the world forever changed. More than ever before, crypto begins to seem like the real Robin Hood of finance. A decentralized network that creates and stores value for anyone with a mobile device and an internet connection. Companies are adding bitcoin to their balance sheets, central banks are taking notice of the innovations in DeFi, and we’re seeing all time high after all time high.”