Crypto Exchange Blockchain.com Raised $110M, Led by Kingsway Capital

Blockchain.com, a cryptocurrency exchange and wallet provider, successfully concluded a $110 million Series E financing round, with leading participation from the UK-based venture capital firm Kingsway Capital. Other notable participants include Baille Gifford, Lakestar, and Coinbase Ventures.

While this funding round places Blockchain.com's valuation at just under half of its $14 billion valuation in March 2022, the increased funding activity suggests a renewed interest in investing in crypto firms. This trend is supported by the ongoing rise in digital asset prices.

Established in 2011, Blockchain.com boasts 37 million verified users, 82 million wallets, and a total transaction value exceeding $1 trillion across its platform.