Coinbase Becomes First Bitcoin ‘Unicorn’

A Bitcoin company has finally attained the “unicorn” title, an honorific bestowed upon startups valued at more than $1 billion.

Coinbase, a brokerage that established itself as one of the biggest brands in a now-booming cryptocurrency market, has raised $100 million at a private valuation of $1.6 billion that includes the capital raised, the company tells Fortune. The venture capital firm Institutional Venture Partners led the round with participation by Spark Capital, Greylock Partners,...

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