Crypto exchange and wallet service Blockchain.com has reportedly raised a $110 million funding round.

The Series E round was led by Kingsway, which led a funding round for the company in October 2022, according to Bloomberg. The outlet characterized the funding round as “strategic financing.”

Blockchain.com scored a $14 billion valuation in an early 2022 funding round, as Bloomberg reported at the time. According to the outlet, the new Kingsway-led round was raised at “less than half” of that amount.

The potential for a down round — wherein a company raises at a valuation lower than a previous fundraise — was previously reported by Bloomberg. 

With the fresh capital in…

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