Blockchain.com Raises $110 Million at Lower Valuation Amid Crypto Winter

Blockchain.com, a UK-based cryptocurrency exchange and wallet provider, has secured $110 million in Series E financing, bringing its valuation down to less than $7 billion

This investment was led by Kingsway Capital, with participation from Baillie Gifford, Lakestar, LSVP, and Coinbase Ventures

This raise comes despite the crypto bear market and signifies continued investor confidence in the industry.