Blockchain.com and Blockchain.com block explorer are reportedly talking to American banks about the possibility of holding an initial public offer (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 a public offering

Sources close to the matter say Blockchain.com has only begun preliminary talks with banks. Plans could change any moment.

But, it was noted that the startup crypto could become public in as little as one year if talks go well.

Blockchain.com currently has a value of approximately $14 Billion, after completing a Series A round in April. If successful, the exchange will become the second U.S. cryptocurrency exchange to go public, following Coinbase’s April 2021 public listing.

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.

The Flipside

• Regulation complicationsBlockchain.com competes with Binance.US as the first crypto exchange to be publicly traded in the U.S.

What You Need to Care About

Successful IPOs on exchanges such as Blockchain.com can signal renewed investor confidence, and a influx of new participants into the cryptocurrency market.

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