Blockchain.com valuation halves after £88m investment

UK-founded crypto exchange Blockchain.com has closed a $110m (£88m) investment round that has halved the valuation of the unicorn.

The Series E round, which was led by Kingsway Capital, has valued the company at less than $7bn, a sharp drop compared to the $14bn valuation the company received following a funding round from March of 2022, first reported by Bloomberg.

Other participants in the round included Lakestar, Lightspeed Venture Partners and Coinbase Ventures.

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