Mega funding boosts crypto start-up’s value to 25 billion dollars

New York:

The financing, led by the investors including Ontario Teacher’s Pension Plan Board, Temasek and Tiger’s Global, is a continuation of an earlier series B funding round from July, when the two-year-old start-up raised $1 billion from SoftBank, Temasek and other investors at a valuation of $18 billion. The latest $420-million funding round, which attracted 69 investors, comes at a time when cryptocurrencies are facing tighter regulatory scrutiny in the US and around the world.

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