If Blockchain.com can complete an IPO before Binance.US, it will be the second crypto exchange to go public in the United States.
Blockchain.com, a cryptocurrency exchange, and block explorer has begun discussions with American banks about holding an initial public offering (IPO) as soon as this year.
According to Bloomberg on April 19, sources familiar with the situation said that the talks were only preliminary and that the tech startup’s plans could change at any time.
If it is successful in going public through an IPO, it will be only the second crypto exchange in the United States to do so. Coinbase was the first to go public in 2021, with a valuation of nearly $100 billion and an opening price of $381 per share of COIN.
Following a funding round with global venture capital firms, Blockchain.com is now valued at around $14 billion.
Blockchain.com is a cryptocurrency financial services company that began in 2011 as the first Bitcoin block explorer and later developed a popular cryptocurrency wallet application.
The race to become the second public crypto exchange in the United States has begun. Binance. According to founder Changpeng Zhao, the US, the American branch of the world’s largest crypto exchange, plans to go public as soon as it can demonstrate independence from the primary exchange.
A recent $200 million seed round of funding has aided the exchange’s efforts, giving it a pre-money valuation of $4.5 billion.
The main impediment to crypto exchange juggernauts going public in the United States has been regulatory complications.
Binance US CEO Brian Shroder claims the company has a strong business and is working with local regulators to ensure a smooth listing.
