The cryptocurrency exchange Blockchain.com has raised $110 million in its latest round of funding, known as Series E. The funding was led by Kingsway Capital, a UK-based investment management firm. Other notable firms, including Baillie Gifford, Lakestar, and Coinbase Ventures, also participated in the funding round. As a result of this funding, the market valuation of Blockchain.com now stands at less than $7 billion, a significant decrease from its previous valuation of $14 billion in March 2022. Despite facing challenges in the crypto industry, such as the closure of offices and layoffs, Blockchain.com continues to play a crucial role in the digital asset economy with its trading platform and crypto wallet.
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