Coinbase raises $300 million following IPO rumors

In a blog post released this morning, Coinbase has announced that it has raised $300 million in its latest funding round at a valuation of $8 billion.
The equity raise, led by Tiger Global Management, with participation from Y Combinator Continuity, Wellington Management, Andreessen Horowitz, Polychain and others, is its first since 2017.
The announcement noted that the company will be using the funds to accelerate adoption, expand their crypto offerings, build new utility applications for the s