Coinbase has raised more money this month after raising $100 million in August in a series D funding round. The company announced on Oct. 30 that the corporation has secured another $300 million from various venture capital investors. The companies who participated in the series E round include Polychain Capital, Y Combinator Continuity, Wellington Management, and Andreessen Horowitz. According to the company’s blog post, Tiger Global Management led the latest Coinbase investment round.
The exchange details that the new funding will be dedicated to expanding services across the globe and that Coinbase plans to “lay the groundwork” to support “thousands” of cryptocurrencies in the future. The cryptocurrency service also detailed that it plans on enticing more institutional interest towards the digital asset economy by bolstering the company’s custody offering. Coinbase just received a trust charter from the New York Department of Financial Services on Oct. 23 which will help them build a standalone entity called the Coinbase Custody Trust Company.

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Phase 3: The Fall. Only fewer people continue investing in the platform. This means, that the potential earning is getting less, due to the fact that the admin needs to pay out a profit daily. Admin decides, that now is the point of maximum earnings for him. First, he stops all the payments out of the website, yet you can continue invest. Later he runs away and closes the website.
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