Following a fresh fundraising round, the valuation of Blockchain.com has skyrocketed to $14 billion.

Digital currency trade and monetary administrations firm, Blockchain.com, has allegedly raised new subsidizing at a valuation of $14 billion.

As indicated by Bloomberg, the funding round was driven by worldwide investment firm Lightspeed Ventures and Baillie Gifford and Co., a speculation the board firm eminent for its initial association in development stocks like Tesla.

The subsidizing round - which is yet to be freely affirmed by Blockchain.com or the financial backers - allegedly saw the organizations' valuation increment from $5.2 billions to $14 billion. The aggregate sum of subsidizing raised is yet to be declared.

In April last year, Blockchain.com stood out as truly newsworthy subsequent to getting a $100 million venture from Baillie Gifford and Co., which at the time was the single biggest investment made in the organization.

Blockchain.com's last significant subsidizing round happened in March 2021, with the Series C round seeing the firm raise $300 million at a $5.2 billion valuation. The financing round was driven by DST Global, Lightspeed Venture Partners and VY Capital. Before this, the organization raised $120 million continuous from a wide exhibit of VC firms, with the supporting generally focused on institutional business advancement.

This week Blockchain.com added its name to the rundown of organizations pulling out from the FCA impermanent register for crypto resource permitting, which frames that organizations should be supported under an enemy of tax evasion plan or stop exchanging by Mar. 31.

Blockchain.com pulled out its application on Mar. 29, deciding to work in Europe through a Lithuanian enlistment all things considered. On March 11, BC2C, an institutional digital money exchanging supplier additionally pulled out from the UK arranging rather to direct its activities through a US substance.