Blockchain.com names date for possible IPO

Makrina Kgil, chief financial officer of cryptocurrency wallet provider and exchange, said the company could go public after 18 months
Blockchain.com names date for possible IPO

Cryptocurrency company Blockchain.com announced that it has processed over $1 trillion in cryptotransactions on its platform, not including exchange transactions. To celebrate the service’s ten-year anniversary, project CFO Makrina Kgil published a blog post about the company’s performance.

In an interview with Fortune, Kgil said that following the example of Coinbase and Robinhood, the company wants to improve its position in the North American market. According to Blockchain.com, the project is preparing for an IPO, which could happen in 18 months or more, at the earliest in 2023.

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

In spring the first public crypto exchange became American Coinbase. Shares of the platform started trading on NASDAQ on April 14. At the peak, their value reached $429.5, after which they began to decline. As of August 30, the closing price was $262.6, down almost 39% from the highs.

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The post was written by Crypto Expert John Belford

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