Blockchain.com confirms plans to go public by 2023
Blockchain.com confirms plans to go public by 2023 By Angel Di Matteo

@shadowargelThis way, Blockchain.com joins the group of crypto companies interested in going public on the stock exchange, among which are Kraken, Circle, Binance

and

more.

Cryptocurrency exchange and cryptocurrency-related service provider Blockchain

.com has confirmed that it plans to go public on the stock exchange in 2023

.

Blockchain.com

plans to be listed on the stock exchange by 2023

This was stated by the financial director of Blockchain

.com, Macrina Kgil, who during an interview with

Fortune

said that the company has among its plans to go public within 18 months or more, which could launch a public offering that would allow interested parties to invest in the company’s shares.

In this regard, Kgil commented that Blockchain.com had already surpassed USD $1,000,000 million (one trillion) in crypto transactions, where most of the capital came from retailers and companies that had already made institutional adoption of these assets through their products and services. He also revealed that the company’s balance sheet is made up of Bitcoin (BTC), Ethereum

(ETH), other altcoins and cash.

Kgil’s statements go hand in hand with the company’s CEO Peter Smith, who previously revealed that Blockchain

.com was carefully considering all options before going public. Let’s keep in mind that the company currently has a valuation of USD $5.2 billion, this after completing funding rounds in February and March this year, in which they raised USD $120 million and USD $300 million respectively.

Crypto companies and the stock market

The statements by Blockchain.com’s representative do not re

The first to take this step was Coinbase, which officially went public in April this year by listing its shares on NASDAQ.

The first to take this step was Coinbase, which officially went public in April this year by listing its shares on NASDAQ. After some hiccups and regulatory requirements, COIN shares are finally available for trading, generating all kinds of reactions among enthusiasts and investors within the sector.

Another company that announced intentions to follow in Coinbase ‘s footsteps was Kraken, the U.S.-based exchange, which plans to go public sometime in 2022. Also among those interested is Circle, the issuer of the USD Coin stablecoin , whose executives also announced plans last month to make this happen.

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Source: Cointelegraph, Fortune

Version by Angel Di Matteo / DiarioBitcoin

Image by Unsplash