Crypto exchange Cryptohikes has closed a $ 350 million Series D funding round with a $ 3 billion valuation, led by KKR.
Funding was also provided by Goldman Sachs, Andreessen Horowitz, Alameda Research, Apollo, Wellington Management, BlackRock, Blockchain, Kraken, and PayPal Ventures.
Cryptohikes offers digital asset storage, staking, lending and trading, and infrastructure solutions. In the future, the expansion of this line is not excluded, in particular on DeFi.
Cryptihikes will use the funds received to international expansion and support the initiatives of banks and corporations to create cryptocurrency products for clients.
According to the company, its customer base grew by 96% in 2021. The storage of digital assets generates less than 50% of the revenue against the background of the development of other lines of business.
According to the CEO,Cryptohikes has no plans for an IPO
In February,criptohikes raised $ 80 million from the Singapore Sovereign Wealth Fund with the participation of a16z, Blockchain Capital, Lux and Indico.