The platform’s rise over the last year illustrates crypto’s evolution from an edge-to-product financial product to a category of regular digital assets. The Crypto CoinList listing platform has raised $ 100 million in Series A funding to expand its global operations, bringing its total worth to $ 1.5 billion.
CoinList revealed on Tuesday that the funding injection will be used to expand its business operations, assist its host community first, and introduce new product offers. Accomplice and Agman, a financing company, collaborated on the fundraising, with involvement from Fenbushi Capital, DFG, CMT Digital, FBG Capital, and others.
CoinList’s user base has increased 42 times in the last year, demonstrating the global growth of bitcoin purchases. The platform aims to provide investors with early access to innovative token projects before they are published on big exchanges like Coinbase or Binance. Turkey, Venezuela, Russia, Japan, and the United Kingdom were its significant sources of growth last year.
In total, the company has 4.5 million users in over 170 countries.
A handful of crypto and blockchain-based businesses have achieved unicorn status in 2021, a phrase that refers to businesses valued at $1 billion or more. Bitso and Mercado Bitcoin, two South American cryptocurrency exchanges, joined an exclusive club earlier this year, while the FTX exit platform became a “decacorn” for $ 18 billion. Candy Digital, an NFT firm, recently closed a $ 100 million Series A funding round, boosting its total valuation to $ 1.5 billion.
This year, billions of dollars have been invested in crypto businesses by clever investors looking to recoup innovative ventures that have the potential to transform the global financial system. Andreessen Horowitz, a Silicon Valley venture capital firm, said earlier this year that it has set aside $ 2.2 billion to fund budding crypto ventures.
Galaxy Interactive’s premier business organization said last week that it had raised an additional $ 325 million from 70 investors to develop new portfolio firms.