Blockchain.com's $110M Funding Round Cuts Its Valuation in Half for 2022: Report

Despite new investment In THE crypto exchange, Blockchain.com assessment has more that halved Since It is $14 billion pic.

Cryptocurrency exchange And wallet supplier Blockchain.com farm A $110 million Series E funding round, A investment that more that halves It is previous 2022 assessment of $14 billion.

In A Nov. 14 Blog job, Blockchain.com said THE closing of It is Series E round was directed by THE United Based on the Kingdom adventure capital farm Royal Road Capital. He Also saw participation Since Baillie Gifford, Star of the Lake And Coinbase Companies, among others.

A Nov. 14 Bloomberg report quoting sources familiar with THE matter said THE $110 million round places Blockchain.com has less that half of It is $14 billion assessment Since March 2022.

On March 30, 2022, Blockchain.com farm A funding round that saw It is assessment point Since $5.2 billion has $14 billion, less that two month Before THE collapse of Do Kwon Earth ecosystem sets off A liquidity Cascade that