The Coinbase platform will receive US $ 300 million in funding, with a total value of US $ 8 billion

SAN FRANCISCO (Reuters) - The San Francisco-based digital currency trading platform, "Coinbase", today announced it will add $ 300 million in funding for its portfolio.

The platform stated that Category E was led by Tiger Global Management, with the participation of Y Combinator Community, Wellington Management, Andreessen Horowitz, Polychain and others. Through its own accounts, the trading platform now stands at more than $ 8 billion, which will accelerate the adoption of currencies and digital assets.

The Coinbase platform said it would use this funding to accelerate many factors including global expansion, which could provide hundreds of more digital currency on the platform, such as the recently added support for the USDC currency, and finally bring more institutions into the field by Development of digital currency storage services. The article concluded by saying:

"We see the growth of the Coinbase platform as evidence that the ecosystem will continue to grow in size and impact, ultimately leading to a more open financial system in the world"

In the end, the Coindesk website reports that the Coinbase platform has raised more than $ 500 million so far.