Coinbase becomes crypto’s first Unicorn company raising $100 million at a $1.6 billion valuation from blue chip VCs.
Per CEO Brian Armstrong’s blog post, the money will be used to grow the team, open an NYC office for GDAX (a top 10 institutional crypto currency exchange), and invest in Toshi, it’s “… browser for the Ethereum network” introduced during Brian’s closing keynote address in May at Consensus. The round was lead by iconic Silicon Valley VC IVP, who previously had not made a crypto investment. Source - Hackernoon.com
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