Categories: FintTech

Blockchain.com Investors Remain Undeterred Despite Ruthless Crypto Winter

  • Blockchain.com raises fresh capital in a strategic funding round.
  • Funding round was led by Kingsway Capital and included existing investors Baillie Gifford and Lightspeed Venture Partners.
  • The exchange recently received approval to operate in Singapore.
  • Company was last valued at $14 billion following its Series C funding.

London based crypto exchange Blockchain.com has reportedly concluded a strategic funding round for an undisclosed amount. 

According to a report published by Bloomberg, the funding round was led by UK based Kingsway Capital, and saw participation from existing investors including Baillie Gifford and Lightspeed Venture Partners.

This investment comes at a time when most companies in the crypto industry are struggling to keep up with the ongoing bear market that has brought down the global cryptocurrency market capitalization from $2.1 trillion at the beginning of the year to $923 billion today. 

Investments in crypto startups in particular have taken a hit. Research firm Pitchbook had reported earlier this week that during the third quarter of this year, venture capital investment in crypto startups declined by 42% QoQ.

In the first quarter of 2022, VCs invested as much as $10.9 billion into blockchain and crypto companies. By Q3, that number came down to $4.4 billion, marking a decrease of almost 60%. 

Eventful year for Blockchain.com

Blockchain.com was last valued at $14 billion following its Series C funding round in March 2022.

Since then, the exchange has had to deal with some unpleasant situations, including the fallout from the collapse of the algorithmic stablecoin Terra which forced a layoff of 25% of its staff in July.

On 12 October, the exchange received approval from Singapore’s central bank to offer payment services in the country.

In more recent news, Blockchain.com revealed its plans to suspend the accounts held by Russian nationals, in accordance with the eight package of sanctions by the European Union against Russia. 

Ryan Helton

A Stock enthusiast since childhood, Ryan is known for his impeccable knowledge in the technology and gadgets niche. He has been working with eTrendy Stock as a contributor for most stock category and his articles are always well-researched and accurate.

Share
Published by
Ryan Helton

Recent Posts

Forex Expo Dubai Wins Guinness World Records™ with 20,021 Visitors

Dubai, UAE, 8th October 2025, ZEX PR WIRE, By winning the Guinness World Records™ for…

3 hours ago

Mubite Officially Launches as a Global Leader in Crypto Prop Trading

Prague, Czech Republic, October 6, 2025, ZEX PR WIRE— The future of funded crypto trading…

2 days ago

CZ Effect: Binance Lists Aster (ASTER) With Seed Tag After Weeks Of Hype

Aster’s native token, ASTER, has ridden a powerful endorsement cycle after Changpeng “CZ” Zhao publicly…

2 days ago

Verto Establishes DIFC Hub to Enable Faster, Smarter B2B Payments Across Africa and Emerging Markets

UAE now has a payment partner that unlocks Africa’s growing economic opportunity DUBAI, UAE, 6…

3 days ago

Guinness World Records Attempt in Forex Industry is announced

Dubai, UAE, 5th October, 2025, ZEX PR WIRE, Forex Expo Dubai, the Middle East’s largest…

3 days ago

Reliable Airport Taxi Service: Guaranteed Pickups, No Delays

London, England, 5th October 2025, ZEX PR WIRE, In today’s travel landscape, reliability has become…

3 days ago