Crypto Exchange Blockchain.com Files for IPO in the US

In brief

• U.K.-based Blockchain.com is seeking an initial public offering via the U.S. equity markets.
• Details about how much it is seeking to raise and what price point it will offer shares are not yet public.
• The firm, once valued as high as $14 billion, adds to a growing list of crypto firms intending to IPO.

Crypto exchange Blockchain.com has confidentially filed for its U.S. public offering, the firm announced on Thursday. 

Details about the number of shares being offered or expected price range of the offering have not been determined. 

The U.K.-based firm was founded in 2011, and since that time has facilitated the creation of more than 100 million crypto wallets and $1 trillion worth of transactions, according to its website. 

Blockchain.com’s intent to go public adds it to a growing list of crypto firms, including fellow exchange Kraken, hardware wallet and crypto security firm Ledger, and MetaMask developer Consensys—one of numerous investors in an editorially independent *Decrypt—*that have all reportedly signaled plans to IPO.

Those plans follow the completed public offerings of a handful of crypto firms last year, including the massively successful public launch of stablecoin issuer Circle (CRCL), which saw its shares jump more than 168% on its first day of trading.

Other firms, like crypto exchanges Gemini (GEMI) and Bullish (BLSH) and blockchain lender Figure Technologies (FIGR) all followed suit, adding fuel to the trend that saw crypto firms become publicly traded entities.