Blockchain.com plans ipo in 2022

21-04-2022 03:00 pm

admin

Blockchain.com, the cryptocurrency exchange and search engine for blocks, has begun negotiations with U.S. banks to seek an initial public offering (IPO) in 2022.

On Tuesday, Bloomberg reported that the negotiations were only preliminary conversations and that the tech startup's plans could change at any time.

If the company successfully goes public with an IPO, it will be the second cryptocurrency exchange to do so. Coinbase is the first exchange to go public in 2021 with an opening price of $381 per share of the original token, COIN, valued at nearly $100 billion.

Blockchain.com is now valued at about $14 billion after a round of fundraising with global Venture Capital firms. Blockchain.com was the financial services company with the first Bitcoin block search engine in 2011 and then released the popular cryptocurrency wallet app.

Crypto Exchange Blockchain.com to launch IPO this year - Coinphony [VI] — Blockchain.com planning an IPO in 2022

The race to become the second public cryptocurrency exchange in the U.S. has officially begun. Binance founder Changpeng Zhao said Binance.US, the U.S. subsidiary of the world's largest cryptocurrency exchange, also plans to go public as soon as it becomes independent from the parent company's main exchange.

Supporting the exchange's efforts is a $200 million round of seed funding, pushing the company's pre-valuation to $4.5 billion.

The complexity of legislative regulation is the main obstacle that prevents these giant exchanges from being publicly available in the U.S.

Brian Shroder, CEO of Binance.US, said the company has a strong business and is working with lawmakers to ensure that they can go public without a hitch.