Blockchain.com, the platform that claims to be the only crypto wallet you will ever need, has raised $110 million in Series E funding. The company did not provide terms of the deal nor valuation.
The funding was led by Kingsway Capital, with investors Baillie Gifford, Lakestar, LSVP, GV, Access Industries, Moore Capital, Prudence, Freeman Capital, Coinbase Ventures, Pledge Ventures and others backing the firm.
As part of the deal, Kingsway founder and CEO Manny Stotz will join the firm’s Board of Directors. Nicolas Brand, Partner at Lakestar, has also joined the board.
Blockchain.com noted that since 2011 it had registered more than 90 million wallets and 40 million verified users. The platform has enabled more than $1 trillion in crypto transactions.
Revenue is said to have jumped by 1500% in the last four years, with over 30% of all Bitcoin transactions taking place on the platform.
Blockchain touts its compliance chops and not only supports retail investors but institutional money with an OTC market with 24/7 support. Blockchain.com reports over 100 institutional clients having facilitated $16 billion in trading since 2020, along with $8 billion in lending.
Blockchain.com supports trading in Bitcoin, Ethereum, stablecoins, and more than 300 other digital assets.