cryptocurrency start up

The value of bitcoin has shot up to its highest ever levels as of recent, and this has had a solid effect on the cryptocurrency world’s most valuable startup as it prepares to become a stronghold in the crypto space.


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Coinbase is currently and historically has been one of the world’s first bitcoin brokers. The bitcoin broker was recently appraised by investors at over $1.6 billion. Many have called the company a unicorn start-up because of the unheard of success that they have attained in comparison to other start-ups in the area. The company has also selected one of the former top executives from Hewlett Packard, Asiff Hirji to be their number two ranking executive.

The CEO and co-founder of Coinbase, Brian Armstrong stated that “it’s a huge hire for us. This is going to give us a ton of leverage to grow our existing businesses.”


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Hirji has worked with several advising portfolio companies such as Coinbase. One of the top companies that he has worked which has been the venture capital firm known as Andreessen Horowitz, which his competition led to a $25 million fundraising round as of 2013. Coinbase to date has raised over $217 million in funding, which makes the company the most well funded cryptocurrency venture in the history of the market.

Hirji stated that “we’ve seen some of our highest trading days ever in the last few days. This is no longer a fringe thing just for fan boys. The Wall Street crowd and traditional old guard in the financial world are jumping in as well.”

The hopes are high that the cryptocurrency world can continue to be proliferated by the very cryptocurrencies themselves, and help to bump up the companies that are involved in the space.


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