Crypto firm raises $300 mn

Cryptocurrency firm has raised $300 million in its latest funding round — led by DST Global, Lightspeed Venture Partners and VY Capital. teamLondon-based offers digital wallets for storage of cryptocurrencies as well as retail trading and other services for larger investors.

Bitcoin soared to a record just shy of $62,000 this month as mainstream firms and investors increasingly embrace cryptocurrencies, leading to ballooning valuations of related companies, Reuters reported. said last month it raised about $120 million, with investments from Alphabet Inc’s venture capital unit.