Breaking: Crypto Exchange Blockchain.com Plans U.S. IPO In 2022
Crypto exchange Blockchain.com reportedly intends to file an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) this year. The exchange is currently working with investment banks over the necessary legal and compliance procedures.
The planned listing will be the second-largest crypto IPO after Coinbase, which went public last year. Blockchain.com intends to list by the end of 2022 or early 2023, Bloomberg reported, citing people familiar with the matter.
However, the plans of the company might be delayed or changed as per business strategies and conditions.
Blockchain.com among the biggest U.S. crypto exchanges
Blockchain.com is one of the largest crypto exchanges in the United States. The company increased its valuation to about $14 billion in a funding round held in March. The round was led by Lightspeed Venture Partners and Baillie Gifford & Co, and doubled the company’s valuation.
Data from Coinmarketcap Blockchain.com is the 35th-largest exchange by daily volumes, which were $15.2 million over the past 24 hours.
Blockchain.com’s CFO Macrina Kgil announced in August last year that the company was witnessing growing crypto transactions and could go public in the next 18 months.
Blockchain.com is led by chief executive officer Peter Smith and allows users to trade and store digital tokens. The company started its operations in 2011 as a blockchain explorer and later launched a crypto wallet.
Crypto Adoption Grows in the U.S.
Crypto adoption is growing in the U.S. as people have started investing in cryptocurrencies, including Bitcoin, and other digital assets such as NFTs and digital tokens. Moreover, Blockchain.com is not the only crypto exchange looking for an initial public offering in the U.S.
Binance.US, the American subsidiary of the world’s largest crypto exchange, is also looking to go public. But uncertainty over crypto regulations and policies in the U.S. are delaying crypto companies from publicly listing.
Other firms, such as USDC issuer Circle, have bypassed the IPO process by merging with a blank-check firm.
- Matrixport Predicts Market Direction as $6B Bitcoin, Ethereum, XRP Options Expire Today
- Why is Crypto Market Up Today (Oct 24)
- Breaking: 21Shares Amends Sui ETF with Staking, Nasdaq Listing, Other Key Details
- Binance’s Changpeng Zhao Takes on Senator Elizabeth Warren On False “Fraud” Allegations
- Trump Tariffs: Crypto Market Volatility Looms As US President Terminates Trade Talks With Canada
- Dogecoin Price Crash Looms as Flag, Death Cross, Falling DOGE ETF Inflows Coincide
- Solana Price Prediction as Osprey’s S-1 Filing and Hong Kong’s ETF Launch Fuel Reversal Hopes- Is $250 Next?
- Ethereum Price Poised for Breakout as Wyckoff Re-Accumulation Meets BlackRock’s $110M Purchase
- BNB Price Prediction as Analysts Eye $1500 Ahead of Fresh Coinbase and Robinhood Listings
- XRP Price Classical Pattern Points to a Rebound as XRPR ETF Hits $100M Milestone
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK