The platform’s initial public offering, according to Macrina Kgil, the chief financial officer of crypto wallet provider and exchange Blockchain.com, could happen as early as 2023.
Kgil stated in a Forbes interview published on Monday that Blockchain.com might explore an IPO in 18 months or more.
Following a $300 million investment round in March and a $120 million round in February, the company was valued at $5.2 billion.
CEO Peter Smith noted at the time that the company was “seriously reviewing its public-market options.”
Coinbase, a major cryptocurrency exchange, did not go public on the Nasdaq until April when the company was valued at $100 billion and Coinbase Pro was processing more than $3 billion in daily transactions.
In a Monday blog post, Kgil stated that Blockchain.com has reached $1 trillion in crypto transactions, owing to retail investors and institutional acceptance, as well as the platform’s brokerage and exchange operations.
She also stated that Bitcoin (BTC), Ether (ETH), altcoins, and cash make up the company’s financial sheet.
Blockchain.com might not be the first company to go public after Coinbase.
Last month, stablecoin-focused crypto business Circle announced plans to go public in a $4.5 billion deal, while Bullish, an exchange funded by Block, indicated in June that the exchange was considering a public offering for next year. One company has also put its hat in the ring for a potential IPO on the New York Stock Exchange.
