Blockchain.com is Planning to Go Public as It Crosses $1 Trillion in Crypto Transactions

Blockchain.com is an influential platform where people go to invest in cryptocurrency, digital assets, and other NFT oriented projects as well. Recently the firm has crossed the $1 trillion transaction bar and is willing to go public. This will be done in the form of an IPO and all that, and soon its shares will be trading on the stock market. But as it happens, blockchain.com is not in a hurry to go public and is really taking a slow approach to reach there. According to the chief financial officer, Macrina Kgil, the firm is looking at and 18 months’ time span to be able to go public, and during all this time, it is going to prepare each and everything which is required for the firm to get there.

Several Crypto Exchanges are Ready to Go Public

According to Kgil, blockchain.com holds a diverse place for crypto assets on its balance sheet, and this is nothing less than promising, which will get blockchain.com a really nice and efficient going in the upcoming months. The firm is known to amass not only Bitcoin and Ethereum but also other altcoins in great amounts over the years. The firm does engage with regular trading, but most of the assets are in withholding which makes up for a pretty great reserve of crypto for this firm.

It was Coinbase which did pave the way for other crypto exchanges to go public when they have reached certain stability. Going for the public is not firmly associated with blockchain.com only as there are other exchanges such as Circle and Bakkt that are tirelessly looking to make their spot reserved on public markets.

A little insight towards the timeline being chosen by other crypto exchanges; Jesse Powell, the CEO of Kraken, has already announced that the firm would go public sometime in the next year, and Gemini, which is another great crypto exchange, is also in the preliminary stages to file for an IPO and to have its stocks listed on the stock market sometime in the next year as well. It seems that a bit of competition has developed out there, and to really take the lead, blockchain.com has to speed up its prep work.