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Coinbase Will Attain $8B Valuation After Hedge Fund Investment

by icoscientist.com posted 8months ago 32 views
Coinbase will attain $8 billion valuation after a U.K hedge fund, Tiger Global that usually invests in multinational consumer brands, invests $500 million in the startup. The hedge fund is currently considering doing this which will significantly boost the crypto market’s credibility. This information was provided to Record. Once the investment is completed, Coinbase will become one of the startups with the highest value in the U.S. The investment will partly buy out the existing shareholders although the specific numbers are yet to be decided.

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