Posts Tagged ‘Citigroup


The Bitcoin payment processor Coinbase has announced that they have raised $75 million USD in Series C financing, the largest funding round to date for a Bitcoin company, bringing their total capital raised to $106 million US dollars. What is even more interesting however is the companies that have invested in Coinbase this time and not only the serious investment being made. Apart from some of the existing investors the new investors include USAA, BBVA, The New York Stock Exchange, and NTT DoCoMo – Japan’s largest mobile telecommunications operator. There are also personal investments from former Citigroup CEO Vikram Pandit and former Thomson Reuters CEO Tom Glocer. It is interesting to see that financial institutions and other large companies are starting to show serious interest in Bitcoin, making major investments is companies dealing with crypto currencies. Great news not only for Coinbase, but also something good for BTC since the start for 2015, something that was really needed after the not so great beginning of the year for crypto currencies.