Crypto exchange and wallet service Coinbase is about to enter a new deal that would raise the company’s value to $8 billion, sources claim.
Recode reports that the company is currently in talks with Tiger Global and its current shareholders, negotiating an investment of up to $500 million, and the firm is then expected to add an additional $250 million in order to buy out existing investors.
This would make the exchange one of the highest-value startups in the US, where it is based, following its more modest valuation at $1.5 billion
This post is an exerpt of an original post published on Crypto News Review. All copyrights about images and text belong to their respective owners.Click the above button to read the original post.