Blockchain.com raises $120 million in round led by Google Ventures and other macro investors

The cryptocurrency wallet provider Blockchain.com raised $120 million in financing from macro investors, including Moore Strategic Ventures, Google Ventures, Lightspeed Venture Partners and others.

I’m excited to announce that @Blockchain has raised a $120M strategic growth round led by leading macro investors.

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— Peter Smith (@OneMorePeter) February 17, 2021

The company’s chief executive, Peter Smith, noted “enormous optimism” about cryptocurrencies among institutional investors.

“The participation of leading macro investors in our latest funding round proves that institutional investors are taking a strategic approach to the cryptocurrency industry,” added Smith.

The head of the company noted an unprecedented level of distrust in traditional financial institutions during the pandemic, an acceleration of online commerce and a fundamental shift in communications, investments and trading that “will forever change the world.”

In 2020, Blockchain.com added support for the Russian ruble, bitcoin deposits and fiat loans.

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