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Wednesday, March 12, 2025

Blockchain.com Announced Date Of Possible IPO

Macrina Kgil, CFO of crypto wallet provider and exchange, said the company could go public after 18 months.

Cryptocurrency company Blockchain.com has announced that it has processed over $ 1 trillion in crypto transactions on its platform, not counting transactions on the exchange.

In honor of the tenth anniversary of the service, the project’s CFO, Macrina Kgil, published a post on her blog , where she spoke about the company’s performance.

In an interview with Fortune, Kgil noted that, following the example of Coinbase and Robinhood, the company wants to improve its position in the North American market.

According to a representative of Blockchain.com, the project is preparing for an IPO, which may occur in 18 months or more, that is, at the earliest in 2023.

In March of this year, Blockchain.com raised over $ 300 million in funding. Also a month earlier, the project completed a round of strategic funding, receiving $ 120 million.

In the spring, the American Coinbase became the first public crypto exchange. Trading in the platform’s shares started on the NASDAQ on April 14.

At their peak, their value reached $ 429.5, after which they began to decline. As of August 30, the closing price was $ 262.6, which is almost 39% below the highs.

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