Key takeaways:
- Blockchain.com is preparing for an initial public offering that could take place as early as 2022, according to Bloomberg
- The UK-based exchange has recently claimed “decacorn” status after reaching $14 billion valuation in a financing round that concluded earlier this month
- Last year, Coinbase became the first cryptocurrency exchange to go public on the NYSE
Blockchain.com is preparing for an IPO
Digital asset trading platform Blockchain.com is reportedly preparing for an initial public offering (IPO) that could see the company follow in the footsteps of its rival Coinbase, which debuted on the New York Stock Exchange (NYSE) last spring.
The people familiar with the matter told Bloomberg that the exchange is currently in the process of securing the capital needed for an IPO. In addition, Bloomberg reported that the company could go public as soon as this year. However, unnamed sources told the news outlet that IPO could be in the cards no sooner than in 2023.
Earlier this month, Blockchain.com reached “decacorn” status after hitting $14 billion valuation thanks to its fundraising efforts during a Series D funding round. The round was led by global VC firm Lightspeed Venture Partners and saw a major contribution from UK-based investment management company Baillie Gifford & Co.
According to its internal data, Blockchain.com serves 37 million users in over 200 countries. Since its founding in 2011, the company has facilitated more than $1 trillion in crypto transactions and is responsible for a whopping one-third of all Bitcoin network transactions.
