Crypto

Blockchain.com Could Look at an IPO as Early as This Year: Report

Cryptocurrency exchange Blockchain.com is interviewing banks for an initial public offering (IPO), which could take place as early as this year, Bloomberg reported on Tuesday.

  • The IPO might not happen till 2023 and its plans could still change, the report said, citing people familiar with the matter.
  • Blockchain.com is one of the biggest crypto exchanges in the world and reached a valuation of $14 billion in a Series D round last month. The Series D round was led by Lightspeed Venture Partners, with “major participation” from Baillie Gifford.
  • The exchange has recently closed a few deals. It acquired Altonomy’s over-the-counter (OTC) trading desk and was also picked by the Dallas Cowboys, a prominent team of the National Football League (NFL), as the team’s first crypto-related sponsorship.
  • Earlier this month, Blockchain.com launched an asset management service aimed at institutional and high net worth investors, in partnership with Altis Partners.
  • Blockchain.com did not immediately respond to a request for comment.
Appeared first on Coindesk

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