Everyone wants to fund the next Coinbase

In celebration of Coinbase’s earnings report today, investors poured a mountain of cash into one of the company’s global competitors. I’m kidding, of course, but today really is Coinbase’s earnings day, and private investors really did just push $210 million into another exchange. The company, FalconX, is now worth $3.75 billion. As Bloomberg notes, that’s a 5x valuation jump in less than half a year. FalconX raised a smaller $50 million round in March, notably in part from Coinbase Ventures. The FalconX news should not surprise. Indian crypto exchange CoinDCX…

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