2015-01-20 FORTUNE - Coinbase raises $75 million

[bornil267645]

In series C funding, Coinbase has raised $75 million. It is said to be the largest-ever funding round for a Bitcoin-related company.

http://fortune.com/2015/01/20/coinbase-raises-75-million-in-largest-ever-vc-round-for-bitcoin-company/

[SirWilliam]

It's so funny to watch the terrified little investors panic and sell their assets for almost nothing while the big banks, stock exchanges, and corporations just vacuum up everything that is for sale. Don't worry, the big boys will sell your coin back to you at 100 times the current value and you will be thanking them for it.

Ah well, that's the way the "sentiment" game goes, scare them out and crush it down to nothing while you back up the container ship, then rocket it up and scare them back in when it's "mainstreamed."

[LiteCoinGuy]

wow, that is big news!

"Three of the world’s most respected financial institutions – The New York Stock Exchange, USAA, and BBVA (a large multinational bank) – also invested in the round alongside personal investments from former Citigroup CEO Vikram Pandit and former Thomson Reuters CEO Tom Glocer."


1-2 years ago everyone was not even dreaming about that 

http://blog.coinbase.com/post/108642362357/coinbase-raises-75m-from-dfj-growth-usaa-nyse

http://dcmagnates.com/coinbase-secures-record-75-million-investment-led-by-dfj/

[cr1776]

LCG - that is definitely huge news, glad OP posted it.

Now we just need the ETF etc live, sidechains live, and another halving. 

[medicine]

I also welcome this good news. I don't use Coinbase much because of their bank-like policies, but they do shed a lot of light on bitcoin.  And this deal because of who is investing legitimises bitcoin even further.

[fancy_pants]

This is a bank buying another bank's customer list for the market rate. Happy for coinbase, but this is not bitcoin news really.

[freedomno1]

wow, that is big news!

"Three of the world’s most respected financial institutions – The New York Stock Exchange, USAA, and BBVA (a large multinational bank) – also invested in the round alongside personal investments from former Citigroup CEO Vikram Pandit and former Thomson Reuters CEO Tom Glocer."


1-2 years ago everyone was not even dreaming about that 

http://blog.coinbase.com/post/108642362357/coinbase-raises-75m-from-dfj-growth-usaa-nyse

http://dcmagnates.com/coinbase-secures-record-75-million-investment-led-by-dfj/

Well it's good to hear that the Big Banks want to play a bit in this space
I guess in part because the Winkevelli convinced some bankers they are trying to get that ETF going
(Small step toward financialization)

[SirWilliam]

It's so funny to watch the terrified little investors panic and sell their assets for almost nothing while the big banks, stock exchanges, and corporations just vacuum up everything that is for sale. Don't worry, the big boys will sell your coin back to you at 100 times the current value and you will be thanking them for it.

Ah well, that's the way the "sentiment" game goes, scare them out and crush it down to nothing while you back up the container ship, then rocket it up and scare them back in when it's "mainstreamed."

Lol, just like I said. What a coincidence the price was slammed down just before all this news of mainstream financial institutions getting in. For them it was like taking candy from a baby!

[Exther2]

Coinbase is turning into a huge success currently, Wasn't even close to how big it is now when it first started. Although this isn't highly bitcoin related (and more specifically important for coinbase itself) it still amazing to see a bitcoin company getting this attention and funding from big investors.