Crypto wallet Blockchain.com receives US$120 million in the funding round

BlockChain.Com, a well-known cryptocurrency wallet and trading platform in the industry, recently announced that it has received 120 million US dollars in a funding round, and many well-known institutions participated in this round of financing.

The company initially used block browsers as its main business and gradually expanded to cryptocurrency online wallets, and earlier launched a cryptocurrency online trading platform.

If it is not a bull market, it would be difficult for the company to obtain financing of this scale, but the company’s related businesses are also developing steadily when cryptocurrency enters the bull market.

Block explorer does not refer to browser software, but a database used to query cryptocurrency transaction information, that is, query the sender and receiver and transaction hash data.

BlockChain.Com should be one of the most well-known block explorers in the industry, but the low construction difficulty of the block explorer itself is not a competitive product.

The most important thing that can obtain high financing is the company’s expanded encrypted wallet and transaction business. The company relies on block explorer to attract many users to use the product.

Therefore, after the introduction of encrypted wallets and transaction services, many businesses have been directly obtained, especially the encrypted wallets provided by them provide users with private keys and pay more attention to security.

Whether or not an online wallet provides a private key is important content. Providing a private key means that users can fully operate their wallets without worrying about the problem of running the platform.

Online trading services have allowed the company to gradually get involved in the exchange business. Although it does not provide legal currency exchange, currency exchange transactions can still attract many old users.

Therefore, the peripheral services it provides in the cryptocurrency bull market do have a lot of room for imagination. It is no wonder that the giant Google will also participate in the company’s venture capital.

Via: channelnewsasia