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Exchanges’ investments reach more than one billion dollars
Exchanges’ investments reach more than one billion dollars
Crypto

Exchanges’ investments reach more than one billion dollars

By Marco Cavicchioli - 6 Nov 2018

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One billion dollars: this is the total investment collected by exchanges – both centralized and decentralized – around the world.

Last week, in fact, the capital of Coinbase rose to over 500 million dollars and, thanks to this increase, the overall total exceeded 1 billion.

The exchange now collects more than a third of the market trading volume in the United States, approaching a quota of 220 billion dollars of volume.

According to Bloomberg data, Coinbase could also close 2018 with $1.3 billion in revenue from trading fees and gains on the cryptocurrencies held, and this has obviously attracted new investors.

The profit could be 456 million; at the moment the company has a valuation of about 8 billion that places it among the largest startups in the world. The valuation has risen more than five times since the beginning of 2017.

Thanks to possible additional rounds of financing, the company’s capital could even approach 1 billion by the end of the year or the beginning of 2019.

As for the other exchanges, here is the table of capital raised:

Exchange Base Raise ($Mn)
Coinbase USA 525,3
Circle USA 246,0
bitFlyer Japan 36,1
Binance * Malta 25,0
Cobinhood Taiwan 1,.8
Bitstamp UK 12,4
Kraken USA 11,5
Korbit South Korea 6,5
Huobi Singapore 2,0
Bancor 153
Kyber Network 49
AirSwap 36
Radar Relay 13
Shape Shift 12,8
Total 1.141

* Binance’s collection includes the ICO’s $15 million for BNB.

Marco Cavicchioli
Marco Cavicchioli

Born in 1975, Marco has been the first to talk about Bitcoin on YouTube in Italy. He founded ilBitcoin.news and the Facebook group" Bitcoin Italia (open and without scam) ".

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