UKCoin’s $2.5bn bid for bitcoin transaction history
The UK’s largest bitcoin exchange operator has raised $2bn in a new round of funding.
The company, which trades bitcoin as well as other virtual currencies, said it had raised $1.8bn in funding led by private equity firm Greylock Partners, as well by the private equity arm of the bank BNY Mellon.
It said the funding would allow the exchange to expand its operations and further enhance its capabilities.
The new round includes investments by BT Group, which owns a 51 per cent stake in the exchange, and Goldman Sachs Group, a venture capital arm of Goldman Sachs, according to a statement.
The UKCoin said in a statement that the round will allow the company to further enhance the security and efficiency of its bitcoin trading platform.
The investment will support UKCoin to further expand its customer base, including through the acquisition of additional services, the company said.