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Crypto company “Blockchain.com” plans to go public and provides details about it!

Crypto company “Blockchain.com” plans to go public and provides details about it!

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Answer Crypto company “Blockchain.com” plans to go public and provides details about it!

Cryptocurrency exchange and custodian Blockchain.com plans to file an Initial Public Offering (IPO) with the US Securities and Exchange Commission (SEC) this year.

The company is currently working with investment banks to complete the necessary legal and compliance procedures.

The planned listing will be the second largest IPO of cryptocurrency companies after Coinbase, which went public last year.

mentioned “Bloomberg Blockchain.com plans to list by the end of 2022 or early 2023, according to people familiar with the matter.

However, the company’s plans may be delayed or changed according to the business’ strategies and terms.

Blockchain.com is preparing to enter the exchange:

Blockchain.com raised its valuation to about $14 billion in a funding round held last March.

Read:Beware … a fraudulent project claims to be linked to the “Cardano” project

The funding round was led by Lightspeed Venture Partners and Baillie Gifford & Co, which doubled the company’s valuation.

Data from Coinmarketcap shows that Blockchain.com is one of the largest trading platforms, ranking 35th in terms of daily trading volume with an estimated $15.2 million over the past 24 hours.

Blockchain.com’s chief financial officer announced in August of last year that the company was seeing an increase in crypto transactions and could go public in the next 18 months.

Blockchain.com CEO Peter Smith leads.

The company allows users to trade and store their digital currencies.

The company started its operations in 2011 as a blockchain explorer and later launched a crypto wallet.

The growing adoption of cryptocurrency in the USA:

Crypto adoption is increasing in the United States as people have begun to invest in cryptocurrencies, including bitcoin and other digital assets such as NFTs and digital tokens.

Additionally, Blockchain.com isn’t the only cryptocurrency exchange looking for an IPO in the US.

Binance.US, the US subsidiary of the world’s largest cryptocurrency exchange, is looking forward to offering its shares to the public.

Read:A Bitcoin whale bid for 6,500 BTC on Binance contributed to the price volatility on the platform

But uncertainty about crypto regulations and policies in the United States is delaying crypto companies from public listing.

Read also:

Binance announces the 19th burn of its digital currency BNB…Details here

Bitcoin is better than all other payment networks according to the CEO of the “Strike” payment company


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