The crypto goes down and Coinbase collects a round of 300 million dollars (BTW at an 8BN rating). Among the investors are large asset managers, leading VCs and crypto funds. The capitals will be invested to further develop the company’s business:
International development and in particular linking the fiat world (regulated in all nations) with the crypto world
Widen the currency offer by preparing to welcome thousands of new crypts
Provide services connected to USDC the stablecoin supported by Coinbase connected to the dollar
Take large institutional investors into the crypto world.
In short, the bottom line is less speculation and more industry.
here is the link from the official coinbase blog: blog.coinbase.com/coinbase-raises-series-e-round-of-financing-to-accelerate-the-adoption-of-cryptocurrencies-1ad927463814?fbclid=IwAR0WQayAnFLnqPnVplzczvEIJuV03d1JnhDLbTVmNA4B5M5rkSG2otuJjT4