- April 19, 2022
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
Leading cryptocurrency exchange, Blockchain.com is aiming to go public via an Initial Public Offering (IPO) potentially before the end of 2022, Bloomberg News reported, citing people familiar with the matter.
Blockchain.com’s growth
The exchange is currently in the process of interviewing banks for its IPO, which could be delayed to 2023 depending on progress, sources told the newswire.
Blockchain.com is one of the biggest crypto exchanges and is valued at $14 billion after its latest Series D funding round, led by Lightspeed Ventures and Baillie Gifford.
Beyond its funding round, Blockchain.com has made some strategic acquisitions in the past few months to better position itself in the space. It bought Altonomy’s over-the-counter (OTC) trading desk and became the first crypto partner of an NFL team after signing a deal with the Dallas Cowboys.
The exchange has also partnered with Altis Partners to launch an asset management service earlier in April. The service is aimed at high-net-worth investors and institutions.
Blockchain.com teamed up with blockchain-based domain names registrar Unstoppable Domains, adding support for all of the latter’s extensions in order to “simplify Web3 identity and payments for its 81 million wallets.”
Crypto exchanges planning an IPO
According to available information, a number of crypto exchanges have stepped up their plans to go public, which means Blockchain.com is not the only exchange that’s considering an IPO listing.
Binance.US, a subsidiary of the largest crypto exchange by trading volume, Binance, is also looking to go public. Per CZ, the moment its US subsidiary can demonstrate a level of independence away from its parent company, it will go public.
Aside from Binance, Kraken, and Gemini, two of the leading crypto exchanges, revealed last year that they have plans to go public via an IPO after seeing the success of Coinbase‘s listing on NASDAQ.
However, these firms would have to up their regulatory compliance measures to succeed with their plans.
The post Blockchain.com aiming for IPO in 2022 appeared first on CryptoSlate.
