One of the biggest U.S. cryptocurrency exchange will hit $8 billion market capitalization
According to Recode magazine, American company Coinbase is finalizing a deal that would value the company at about $8 billion. This will make Coinbase the highest-value startup in the U.S.
The company is negotiating with Tiger Global and its shareholders for an investment of $500 million. It was stated that Coinbase is expected to add about $250 million in new money to its assets and use another half of funds for buying out existing investors.
Tiger Global is a massive New York-based investment fund that shows a big interest in cryptocurrency and is willing to make big deals with the companies like Coinbase.
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