Crypto exchange Kraken and stablecoin-focused company Circle have also said they are considering public listings.
In a Forbes interview released on Monday, Kgil said Blockchain.com could consider an initial public offering in 18 months or more. The company had a $5.2 billion valuation following a $300 million funding round in March and a $120 million round in February.
At the time of the former, CEO Peter Smith said the company was “carefully considering its public-market options.” Major cryptocurrency exchange Coinbase did not officially go public on the Nasdaq until April, when the firm reportedly had a $100 billion valuation and Coinbase Pro was handling more than $3 billion in daily transactions.
In a Monday blog post, Kgil said that Blockchain.com had surpassed $1 trillion in crypto transactions, most likely driven by retail investors and institutional adoption through the platform’s brokerage and exchange business. She added that the company’s balance sheetRelated: Blockchain.com introduces username-based crypto transactions
Blockchain.com
may not be the first to follow in Coinbase’s footsteps in going public.
Kraken CEO Jesse Powell said in June that the exchange was considering a public listing for next year, stablecoin-focused crypto company Circle said last month that it planned to go public in a $4.5 billion deal, and Bullish — an exchange backed by Block.one — has also thrown its hat into the ring with a possible listing on the New York Stock Exchange.
00
0 Comments