Blockchain.com has processed over $1 trillion in crypto transactions since its founding in 2011 — and now the company wants Wall Street to take notice.
A Window Opens For Crypto ListingsCrypto markets took a beating last year, with a massive selloff wiping out billions in digital asset values and cooling investor appetite for new deals. That downturn pushed several companies to shelve or delay their expansion plans.
Ripple CLO Stuart Alderoty and others in the industry have welcomed the development as a positive sign for the long-term direction of crypto oversight.
Others Are Already In LineA confidential filing gives companies a way to begin the process without immediately disclosing financial details to the public. It allows firms to hold early conversations with regulators and gauge investor interest before committing to a full public announcement.
Founded In A Different EraBlockchain.com was founded in 2011 by Ben Reeves, Peter Smith, and Nic Cary. The company serves users in more than 100 countries and operates as both a trading exchange and a crypto wallet platform.
Bitcoin has shown some recovery in recent months, gaining roughly 20% over the past three months, though the price remains below where it started the year.
The question remains whether the wider market can hold steady long enough for Blockchain.com and others to complete their IPOs.
Featured image from KFintech, chart from TradingView
