Blockchain-com is having a fantastic 2021, but it’s looking forward to an even better 2022, which may include an IPO.
Blockchain.com — formerly Blockchain.info — one of the crypto industry’s pioneers, said today that as it approaches its tenth year in business, it has processed $1 Trillion in cryptocurrency transactions.
Macrina Kgil, CFO of Blockchain.com, revealed the news on her institutional blog, stressing that this data only includes Bitcoin transactions between genuine cryptocurrency users, and does not include the volume of trading conducted on the company’s exchange.
We recently hit a major milestone at Blockchain.com, surpassing more than $1 trillion in crypto transacted on our platform. To put that number into context, we’ve handled nearly a third of all bitcoin network transactions since 2012
Blockchain.com is probably the most well-known Bitcoin wallet provider in the world. It initially supported only Bitcoin but has since expanded to include BTC, BCH, ETH, XLM, and Pax Dollars. Additionally, it integrates with its own cryptocurrency exchange, provides interest-bearing savings accounts, and supports hardware wallets.
Blockchain.com Is Considering an Initial Public Offering
Macrina Kgil revealed Blockchain.com’s desire to go public in an interview with Forbes. The startup wishes to emulate Coinbase and Robinhood by establishing a stronger presence among North American investors. The stock market may not open for another year and a half:
“An initial public offering is possibly 18 months or longer away.” In March 2021, Blockchain.com raised approximately $300 million in fundraising at a post-money valuation of $5.2 billion. This round follows a $120 million round in February 2021.
The company’s growth is being financed in part by Google Ventures, Lightspeed Venture Partners, DST Global, and VY Capital.
Also Read: El Salvador’s Streets Filled With Massive Anti-Bitcoin Protests
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