Crypto exchange Kraken and stablecoin-focused company Circle have also said they are considering public listings.
Macrina Kgil, chief financial officer of crypto wallet provider and
exchange Blockchain.com, said an initial public offering for the
platform could happen as early as 2023.
In a Forbes interview released on Monday, Kgil said Blockchain.com could consider an initial public offering in 18 months or more. The company had a $5.2 billion valuation following a $300 million funding round in March and a $120 million round in February.
At
the time of the former, CEO Peter Smith said the company was “carefully
considering its public-market options.” Major cryptocurrency exchange
Coinbase did not officially go public on the Nasdaq until April, when the firm reportedly had a $100 billion valuation and Coinbase Pro was handling more than $3 billion in daily transactions.
Kgil said
in a Monday blog post that Blockchain.com had surpassed $1 trillion in
crypto transactions, most likely driven by retail investors,
institutional adoption, through the platform’s brokerage and exchange
business. She added that the company’s balance sheet consists of Bitcoin
(BTC), Ether (ETH), altcoins, and cash.
Related: Blockchain.com introduces username-based crypto transactions
Blockchain.com
may not be the first to follow in Coinbase’s footsteps for going
public. Kraken CEO Jesse Powell said in June the exchange was considering a public listing for next year, stablecoin-focused crypto company Circle said last month that it planned to go public in a $4.5 billion deal, and Bullish, an exchange backed by Block.one has also thrown its hat into the ring with a possible listing on the New York Stock Exchange.
source link : https://cointelegraph.com/news/after-passing-1t-in-crypto-transactions-blockchain-com-cfo-hints-at-going-public-in-2023
