Blockchain.com, a cryptocurrency exchange and wallet provider, has raised $110 million in a new funding round, according to Bloomberg. The company was previously valued at $14 billion, but the new funding round will bring its valuation down to less than half of that. The new funding is being led by Bain Capital Ventures and DST Global, with participation from other investors such as Breyer Capital and KKR. The funds will be used to expand Blockchain.com's product offerings and grow its global footprint. Blockchain.com is one of the largest cryptocurrency exchanges by volume, and it also offers a variety of other products and services, including a wallet, a block explorer, and a market data platform.