Blockchain.com Could Launch IPO in 2022, Becoming the Second U.S. Exchange to Go Public

Global cryptocurrency exchange and block explorer, Blockchain.com, is reportedly in talks with American banks to explore how it may hold an initial public offering (IPO).

Global cryptocurrency exchange and block explorer Blockchain.com is reportedly in talks with American banks to explorethe possibility of holding an initial public offering (IPO).

In August 2021, the CFO of Blockchain.com stated that the company would go public in “18 months,” however, reports suggest that an initial public offering could take place as early as this year.

Blockchain.com Prepares for Public Offering

According to sources familiar with the situation, Blockchain.com is only in preliminary conversations with banks, and plans could change at any time. 

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However, it was remarked that the crypto startup could go public as early as this year should the talks prove to be fruitful.

Blockchain.com is currently valued at approximately $14 billion, following a Series D round last month. If the exchange succeeds with its IPO, it would become only the second crypto exchange in the U.S. to attain public status, following the path paved by Coinbase, which went public in April 2021.

In April, Blockchain.com launched an asset management service aimed towards institutional and high net worth investors just weeks after acquiring Altonomy’s over-the-counter (OTC) trading desk.

On the Flipside

  • Regulatory complications have kept crypto exchanges from going public, and Blockchain.com is in competition with Binance.US to become the second crypto exchange to go public in the U.S.

Why You Should Care

Successful IPOs from exchanges like Blockchain.com could indicate renewed investor confidence and an influx of new players into the crypto market.

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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Milko Trajcevski

Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia