Phantom Secures $150M Investment, Valued at $3B. 💰👀
Phantom, a leading crypto wallet provider founded in 2021, has raised $150 million in a Series C funding round, boosting its valuation to $3 billion. Known for prioritizing security, accessibility, and user experience, the platform now boasts 15 million monthly active users managing $25 billion in self-custodied assets. With 850 million on-chain transactions and $20 billion in annual swap volume, Phantom has become a key player in democratizing access to cryptocurrency.
By late 2024, Phantom surpassed competitors like MetaMask and Coinbase Wallet across trading revenue and volume, thanks to its focus on self-custody and multi-blockchain support. The new funding will drive acquisitions and partnerships, enhance wallet infrastructure, and introduce peer-to-peer payment features alongside social discovery tools, building on its 3.8 million registered usernames.
Originally a Solana-focused wallet, Phantom has evolved into a global platform reshaping consumer finance. The company credits its growth to a trusted user community and remains committed to creating a secure, accessible financial ecosystem. Positioned as a bridge between traditional finance and crypto, Phantom’s intuitive design and robust functionality continue driving mainstream adoption.
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