Overtaking Binance.US? Blockchain.com Plans IPO in 2022, Challenging the Second-Largest Listed Cryptocurrency Company in the U.S.
According to Bloomberg, cryptocurrency exchange and blockchain data service provider Blockchain.com has begun negotiations with U.S. banks with plans to hold its first initial public offering (IPO) as early as this year. However, these are just preliminary discussions and the IPO plans could still change.
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According to a report by Bloomberg, cryptocurrency exchange and blockchain data service provider Blockchain.com has begun negotiations with U.S. banks to potentially hold its initial public offering (IPO) as soon as this year. However, these are preliminary discussions and the IPO plans could still change.
Coinbase went public in 2021 with an opening price of $381 per share, valuing the company at nearly $100 billion. If Blockchain.com successfully goes public before Binance.US, it would be the second cryptocurrency exchange to be listed in the U.S.
Headquartered in Miami, Blockchain.com is currently valued at around $14 billion. The company started in 2011 as the first Bitcoin block explorer and later developed cryptocurrency wallet applications.
In response to the momentum of Blockchain.com, Binance founder Changpeng Zhao stated that Binance.US, the U.S. subsidiary of the world's largest cryptocurrency exchange, also plans to go public soon. Recently, the new CEO of Binance US, Brian Shroder, mentioned that Binance is expected to go public within the next two to three years. Shroder also noted that since the fourth quarter of 2021, Binance US has surpassed Uber in profits.
This article is authorized to be reprinted from Horizon News Network.