Crypto Custodian Copper Eyes $2.5B Valuation in $500M Funding Round Talks: Report

Copper, a provider of crypto services for institutions, is in talks over a $500 million funding round that would give the firm a $2.5 billion valuation.

  • The round would likely come together before the end of the year, Business Insider reported Thursday citing people familiar with the matter.
  • The news emerges just five months after London-based Copper raised $50 million in a Series B funding round led by Dawn Capital and Target Global.
  • Copper declined to comment when contacted by CoinDesk.
  • The centerpiece of Copper’s infrastructure is its ClearLoop tool, intended to allow institutional investors to hold on to assets until just before a trade is executed so they can retain their trading capital while trades are initiated.
  • Former U.K. Chancellor Philip Hammond recently joined Copper in an advisory capacity.

Read more: 21Shares Taps Copper for Custody of Crypto ETPs

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Crypto Table

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin54,755 0.09 % 0.59 % 8.87 %
Ethereum4,117.4 0.19 % 0.24 % 7.19 %
Dogecoin0.1993 0.92 % 3.71 % 15.05 %
Stellar0.3126 1.25 % 4.20 % 10.87 %
Monero234.53 0.88 % 0.49 % 5.54 %
Litecoin190.30 0.16 % 3.52 % 15.93 %
Cardano2.130 5.25 % 14.29 % 51.99 %
Polkadot33.67 0.43 % 5.85 % 20.19 %
Chainlink35.51 4.98 % 14.74 % 37.62 %

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