Crypto Exchange Hits $14B Valuation in Lightspeed-Led Funding Round

The raise more than doubles the previous value of the company.

AccessTimeIconMar 31, 2022 at 2:21 a.m. UTC
Updated May 9, 2023 at 3:41 a.m. UTC

Crypto exchange reached a $14 billion valuation in a Series D funding round led by Lightspeed Venture Partners, with "major participation" from Baillie Gifford. Bloomberg first reported the news on Thursday though a company spokesperson later confirmed the valuation to CoinDesk.

  • The amount raised wasn't disclosed.
  • The U.K.-based company raised $300 million in March last year at a valuation of $5.2 billion, according to the Bloomberg report. Lightspeed and VY Capital participated in that round.
  • In April, Edinburgh-based Baillie Gifford invested $100 million.
  • Blockchain said in 2021 it would move its U.S. headquarters to Miami from New York.
  • The exchange, founded in 2011, has 37 million verified users, and one-third of bitcoin network transactions are conducted through it, according to its website.

UPDATE (March 31, 14:57 UTC): Adds confirmation from company spokesperson, changes headline.


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Greg Ahlstrand was previously CoinDesk's Asia News Editor. Greg has no significant crypto holdings.

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