Thursday, September 16, 2021
Home Crypto News Market Austrian Crypto Exchange Bitpanda Raises $263 Million At $4.1 Billion Valuation

Austrian Crypto Exchange Bitpanda Raises $263 Million At $4.1 Billion Valuation

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Bitpanda, an Austrian cryptocurrency broker, announced Tuesday that it had raised $263 millions at a valuation of $4.1 billion in a financing round led by Valar Ventures. This venture capital firm was founded by billionaire Peter Thiel.


Since March, when the broker raised $ 170million at a valuation of $1.2 billion, it has more than tripled its valuation. The current round also includes investments by Alan Howard, UK hedge fund manager, Radio Ventures and Jump Capital.

Although cryptocurrencies such as Bitcoin possess strong volatility in their prices, larger companies are slowly but surely adopting them. Coinbase, another cryptocurrency exchange, saw its valuation worth $112 Billion when Coinbase launched its IPO back in April.

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Jakkkhttps://thecryptobasic.com/
Owner of TheCryptoBasic. Involved in cryptocurrencies for more than five years, Love to trade, and write on cryptocurrencies. My basic aim is to provide genuine information to cryptocurrencies readers because crypto is filled with frauds and scams. True information is very rare to get. So I will be providing accurate information about cryptocurrencies topics, that users can trust.

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