[2017-06-04] Coinbase Investment Funding Could Result in $1 Billion Valuation

[Chase]

Coinbase Investment Funding Could Result in $1 Billion Valuation

https://dcebrief.com/coinbase-investment-funding-could-result-in-1-billion-valuation/

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[Raxitto]

Coinbase startup is seeking to raise $ 1 Billion in funds, according to a Wall Street Journal report.

The Coinbase, exchange and digital currency portfolio, where you can buy, sell and store bitcoin and other crypto coins, has recently been talking to investors about ways to raise $ 1 billion in funds.

The financing round is not yet set, but the company aims to raise revenues by about $ 100 million, which would be the biggest investment for a bitcoins company, the paper added.

[Kprawn]

Ok, let's hope most of that funding will go towards increasing their capacity and also to increase their support staff. Coinbase goes down every

time at the most crucial times, when the price skyrockets and the interest is at it's highest. We could have been at $4000+ if they could just

handle the traffic. I also hope they can do some proper staff training, because we are seeing very controversial decisions being made and this is

making them very unpopular lately.