Cooper negotiates fundraising with investors
Cooper.co., a company that allows financial institutions trade cryptocurrencies, is in negotiations with investors to obtain $ 3 billion in funding.
The startup is in negotiations with investors such as Tiger Global SoftBank Group and Accel to engage in a $ 500 million investment round, after hiring Philip Hammond, a former UK Treasury Secretary, as a senior advisor last month.
Cooper brightens fundraising cryptocurrency access
In recent years, promoting bitcoin trading to extremely big money managers has been a driving force in the industry. Paul Tudor Jones, Stan Druckenmiller, Bill Miller, and Anthony Scaramucci, among others, have urged for the acquisition of bitcoin as the largest and first cryptocurrency.
Many investors are still hesitant to move to cryptocurrencies because of regulatory uncertainties, volatility, and simplicity of usage. Copper claims to service over 400 clients, including traders, private banks, crypto businesses, and family offices, according to its website.
Cooper finished the $ 75 million round less than a year ago, so the additional cash will arrive in less than a year. Tiger Global, MMC Ventures, and Dawn Capital are among the existing investors.