Crypto exchange Blockchain.com has confidentially filed for its U.S. public offering, the firm announced on Thursday.
Details about the number of shares being offered or expected price range of the offering have not been determined.
The U.K.-based firm was founded in 2011, and since that time has facilitated the creation of more than 100 million crypto wallets and $1 trillion worth of transactions, according to its website.
Blockchain.com’s intent to go public adds it to a growing list of crypto firms, including fellow exchange Kraken, hardware wallet and crypto security firm Ledger, and MetaMask developer Consensys—one of numerous investors in an editorially independent Decrypt—that have all reportedly signaled plans to IPO.
Those plans follow the completed public offerings of a handful of crypto firms last year, including the massively successful public launch of stablecoin issuer Circle (CRCL), which saw its shares jump more than 168% on its first day of trading.
Other firms, like crypto exchanges Gemini (GEMI) and Bullish (BLSH) and blockchain lender Figure Technologies (FIGR) all followed suit, adding fuel to the trend that saw crypto firms become publicly traded entities.
While both exchanges quickly notched public valuations that exceeded $4 billion, their paths have since diverged, with GEMI trading at less than a $700 million market cap on Thursday. Meanwhile, BLSH is trading around $36.25, just below its IPO issuance of $37 per share, notching an intraday market cap of around $5.94 billion according to data from Yahoo Finance.
How Blockchain.com—the crypto exchange partner of the Dallas Cowboys—will stack up to its exchange competitors remains to be seen, though it was once valued as highly as $14 billion.
Earlier this year, the firm secured approval from the U.K. financial regulators to offer its services to crypto customers in the nation.
A representative for the firm did not immediately respond to Decrypt’s request for comment.
Editor’s note: This story was corrected after publication to note that Blockchain.com is still a partner of the Dallas Cowboys.
Start every day with the top news stories right now, plus original features, a podcast, videos and more.
Read the full article here
Verify the accuracy of this article using AI-powered analysis and real-time sources.
Enter your email to receive detailed fact-checking analysis
You've used your 5 free reports. Sign up for unlimited access!
Already have an account? Sign in here
The FSNN News Room is the voice of our in-house journalists, editors, and researchers. We deliver timely, unbiased reporting at the crossroads of finance, cryptocurrency, and global politics, providing clear, fact-driven analysis free from agendas.
We and our selected partners wish to use cookies to collect information about you for functional purposes and statistical marketing. You may not give us your consent for certain purposes by selecting an option and you can withdraw your consent at any time via the cookie icon.
Cookies are small text that can be used by websites to make the user experience more efficient. The law states that we may store cookies on your device if they are strictly necessary for the operation of this site. For all other types of cookies, we need your permission. This site uses various types of cookies. Some cookies are placed by third party services that appear on our pages.
Freedom Index