CoinList has raised $100 million in new funding and is now valued at $1.5 billion
According to the latest announcement, the token sale and exchange platform CoinList has just conducted the first round of funding Series A after nearly five years of operation, raising $100 million. This round of negotiations raised the company’s valuation to $1.5 billion.
CoinList is now valued at $1.5 billion with a fresh $100 million in funding
CoinList is a San Francisco-based exchange founded in 2017 that provides crypto projects with a platform to list tokens and raise funds from the public. The company has facilitated token sales of notable projects such as Solana, Dapper Labs, and Filecoin. Last year, CoinList also launched a cryptocurrency exchange, CoinList Pro, with custody and staking services.
Accordingly, VC and Agman Partners co-led the funding round, with Alphemy Capital, Taavet+Sten, Continue Capital, CMT Digital, DFG Capital Management, Fenbushi Capital, GoldenTree Asset Management, and Metaplanet.
As part of the agreement, Agman founder and CEO Scott Silverman, also joined CoinList’s board of directors. CoinList’s users span the globe but said it had seen more growth in Asia, Europe, and the Middle East over the past year. Currently, CoinList has a total of more than 5 million registered users, including CoinList Pro users.
As for segment-wise performance, CoinList says its exchange has seen monthly trading volumes grow to $1 billion by 2021, and staking assets now total 2.6. billion dollars, with over $130 million in staking bonuses distributed to date. As for its lending services, CoinList says it has facilitated more than $370 million in loans this year.
“We’ve increased our KYC-approved user base 42x globally, 36x in the European Union, and 62x in Asia. CoinList now has users across 170+ countries”, the company stated.
The Series A round brings CoinList’s total funding to date to $120 million. The company will not raise funds for the last time in April 2018. The company will not seek to raise more capital for at least the next 18 months.
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