CoinList Hits $1.5 Billion Valuation as Crypto Trading Surges

(Bloomberg) --

CoinList, a platform for new crypto offerings, has reached a valuation of $1.5 billion after a $100 million fundraising effort. 

The round was co-led by Accomplice VC and Agman Partners, according to a statement, with investing participants including Fenbushi Capital, Continue Capital, Alphemy Capital, Matthew Rhodes-Kropf, Taavet+Sten and GoldenTree Asset Management.

“In this round, we focused on deepening relationships with our existing community rather than signing new venture capital,” said CoinList Chief Executive Officer Graham Jenkin. “While we have some great U.S. investors, our new investors are mostly VIPs and partners in the regions where we are growing fastest -- Asia, Europe and the Middle East.”

The firm has increased its user base more than 40-fold globally in the past year and has over 4.5 million users across more than 170 countries, according to the statement, with growth driven by a strong token issuance market as well as expansion into trading, staking and lending. CoinList increased monthly trading volume to $1 billion this year, and the number of average monthly traders increased eightfold, the statement said. 

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