Coinbase investment valuation could reach $ 8 billion

The American hedge fund Tiger Global, most of whose investments are related to consumer brands, plans to invest $ 500 million in the Coinbase cryptocurrency exchange.

If the negotiations are successful, the company's market value will approach $ 8 billion, which will make Coinbase one of the highest-rated startups in the United States, as well as strengthen the legitimacy of the entire cryptocurrency market. There is also information that Tiger Global plans to buy out some of the shares of Coinbase shareholders, but no specific figures have been announced yet.

In the summer, the estimated cost of Coinbase was approximately $ 1.5 billion. After the fall in cryptocurrency prices, the company's business suffered. Nevertheless, the head of the exchange, Brian Armstrong remains optimistic, and Coinbase remains a profitable company that plans to create an open financial system for the whole world.

Judging by the latest actions of the company, including the launch of new products and attracting employees to senior positions, Coinbase may be planning an IPO.