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Report: Coinbase Negotiation Could Value Crypto Exchange at $8 Billion | Cell Phone Spy and Mobile Tracking Software
Tech media site Recode reports that crypto exchange Coinbase is in negotiations that could increase the firm's value to $8 billion. San Francisco-based cryptocurrency exchange and wallet service Coinbase is finishing negotiations that would value the company at $8 billion, technology news site Recode reports Oct. 2.Citing anonymous sources familiar with the matter, Recode states that Coinbase is in talks with Tiger Global and its shareholders regarding a possible $500 million investment. The sources reportedly said that Coinbase would add $250 million to its treasury, while another $250 billion could be slated for buying out existing investors.Tiger Global Management is an investment firm founded in 2011 that invests globally in both private and public markets.Galaxy Digital crypto investment firm CEO Michael Novogratz said the news about the reported negotiations proved that cryptocurrencies like Bitcoin (BTC) were more than just "tulip mania." CNBC quotes Novogratz at the Economist's