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Crypto-currency exchange says its going public, raising more than $10m from investors

Business Insider UK article A day trading exchange has raised more than US$10m through a crowdsale, it said on Monday.

Coinbase said it raised a total of US$8.4m to date through the ICO, which it said took place on Monday and will continue until the end of the month.

The company aims to raise up to US$100m in the token sale.

CoinBase said the funds will be used to fund infrastructure improvements, marketing, operations and sales of the exchange.

The tokens are a way for investors to buy and sell crypto-currencies in the US, Europe, Asia and beyond.

CoinDesk reports from London.