https://www.cnbc.com/2018/10/30/cryptocurrency-start-up-coinbase-valued-at-8-billion-despite-bitcoins-plunge.html

Bitcoin's value has dropped drastically this year, but the value of cryptocurrency exchange Coinbase is skyrocketing in the opposite direction.

The San Francisco-based company announced a $300 million fundraising round Tuesday which puts Coinbase's new valuation at $8 billion and makes it one of the most highly valued in the U.S. The deal marks a massive increase from its previous valuation, which had been $1.6 billion as of August 2017.