Coinbase Ventures and CMCC Global have made a strategic investment in Raven, a trading firm specializing in cryptocurrencies and prediction markets, CNBC reported. The investment amount was not disclosed, and Raven was valued at $90 million prior to the investment. Raven continuously provides liquidity to prediction markets like Kalshi and Polymarket by placing buy and sell orders, and has provided quotes for over 3,000 contracts across sports, cryptocurrency, macroeconomics, and entertainment.
