Cryptocurrency change and monetary companies agency, Blockchain.com, has reportedly raised new funding at a valuation of $14 billion.

According to Bloomberg, the financing spherical was led by international enterprise capital agency Lightspeed Ventures and Baillie Gifford & Co., an funding administration agency famend for its early involvement in progress shares resembling Tesla.

The funding spherical — which is but to be publicly confirmed by Blockchain.com or the buyers — reportedly noticed the corporations’ valuation improve from $5.2 billions to $14 billion. The whole quantity of funding raised is but to be introduced.

Based in 2011, Blockchain.com is now one of many world’s largest cryptocurrency corporations, and affords a variety of blockchain-based monetary companies from its change platform and crypto wallets all the way in which to particular institutional merchandise. It has 37 million verified customers with 82 million wallets and over $1 trillion in whole transaction worth throughout its platform.

In April final yr, Blockchain.com made headlines after securing a $100 million funding from Baillie Gifford & Co., which on the time was the only largest funding ever made within the firm.

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Blockchain.com’s final main funding spherical occurred in March 2021, with the Sequence C spherical seeing the agency increase $300 million at a $5.2 billion valuation. The funding spherical was led by DST International, Lightspeed Enterprise Companions and VY Capital. Previous to this, the corporate raised $120 million ongoing from a big selection of VC corporations, with the financing largely aimed toward institutional enterprise growth.

This week Blockchain.com added its title to the listing of corporations withdrawing from the UK Monetary Conduct Authority’s (FCA) non permanent register for crypto asset licensing, which outlines that corporations have to be authorised below an anti-money-laundering (AML) scheme or stop buying and selling by Mar. 31.

Blockchain.com withdrew its utility on Mar. 29, selecting to function in Europe by way of a Lithuanian registration as an alternative. On March 11, BC2C, an institutional cryptocurrency buying and selling supplier additionally withdrew from the UK planning as an alternative to conduct its operations by way of a US entity.