Cryptocurrency exchange Blockchain.com has completed a $110 million Series E strategic financing round, led by Kingsway Capital

ChainCatcher news, the cryptocurrency exchange Blockchain.com has completed a $110 million Series E strategic financing, led by the UK investment firm Kingsway Capital, with participation from Baillie Gifford, Lakestar, Lightspeed Venture Partners, Coinbase Ventures, and others. Blockchain.com has added two new board members: Manny Stotz, founder and CEO of Kingsway, a long-time cryptocurrency investor and expert, and Nicolas Brand, a partner at Lakestar.

According to Bloomberg, citing informed sources, following a valuation of $14 billion in March 2022, the company's valuation has now dropped to below $7 billion. Previously, in October 2022, Kingsway Capital also led another undisclosed financing round for Blockchain.com, which concluded in the third quarter of last year.