The crypto company Blockchain.com wants to go public. The cryptocurrency exchange thus wants to follow competitor Coinbase and would even like to do so this year. Last month Blockchain.com completed another investment round at a valuation of $14 billion. Coinbase’s market cap is currently over $30 billion and Blockchain.com hopes that the IPO will be a way for them to experience the growth needed. In comparison to Blockchain.com that runs a trading volume of $38.8 million per 24 hours, Coinbase runs a trading volume of nearly $3 billion.
The possible IPO of Blockchain.com
Blockchain.com is one of the first cryptocurrency exchanges. In fact, it was founded back in 2011, in York, United Kingdom. The company has played an important role in the initial growth of Bitcoin, as it was the first Bitcoin blockchain explorer ever and accounted for 28% of all Bitcoin transactions between 2012 and 2020. In addition to being a cryptocurrency exchange, Blockchain.com also provides support to traditional, institutional investors eager to make the move to crypto. They do this by providing data, charts and analysis.
Making the step to the stock exchange seems to be becoming increasingly popular among crypto companies. After the exchange Coinbase, the exchange Blockchain.com is now also planning to go public. These are not the only crypto companies interested in going public. MicroStrategy could also be considered a crypto company, as it now owns 125,051 BTC. In addition, more and more mining companies are going public. Such as Riot Blockchain and Hut 8 Mining.