Crypto company MoonPay has raised investments in the amount of $555 million
The startup has successfully completed a Series A funding round with major funds
23.11.2021 - 09:45
515
1 min
0
What’s new? As reported by Cointelegraph, a crypto-payment provider MoonPay held a Series A funding round, which managed to raise $555 million in investments. The company's valuation rose to $3,4 billion after the round.
News source on the Cointelegraph website
Who participated? The round was led by two major funds. They are Coatue and Tiger Global Management. Other participants include companies such as NEA, Thrive Capital, Blossom Capital, and Paradigm.
What will the funds be used for? MoonPay noted that the funding it has received will go towards promoting the company globally and increasing the number of employees. The payment provider currently has a customer base of more than 7 million users from 160 countries, and since its inception in 2019, MoonPay has processed around $2 billion in transactions.
Useful material?
Telegram 
Twitter Market
Tether Finance division will be responsible for the issuance and redemption of USDT stablecoins
Apr 18, 2024
Trends
The first project introduced on the platform will be BounceBit (BB)
Apr 18, 2024
Business
The rate exchange of the native ACH token reacted with a 10% increase
Apr 18, 2024
Market
Miners are hunting for the first block after halving as the value of the first satoshi could exceed $1 million
Apr 18, 2024
Market
The platform will be non-custodial and accessible to everyone
Apr 15, 2024
Market
China Asset Management, Harvest Global Investments, and Bosera Asset Management have received permits
Apr 15, 2024
Cryptocurrency rates
-
Bitcoin
$63 634
BTC
+3.65%
-
Ethereum
$3 074.23
ETH
+2.14%
-
BNB Smart Chain
$550.66
BSC
+3.19%
-
Ripple
$0.503285
XRP
+1.7%
-
Dogecoin
$0.152582
DOGE
+3.34%
-
Cardano
$0.458703
ADA
+3.17%
-
Bitcoin Cash
$484.71
BCH
+4.11%
-
Polkadot
$6.81
DOT
+3.34%
-
Litecoin
$81.22
LTC
+0.93%
-
Stellar XLM
$0.110937
XLM
+3.14%