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ondon-based cryptocurrency startup Blockchain.com is interviewing banks for a possible preliminary public providing (IPO) in the USA.
A floatation of the corporate may happen as quickly as this 12 months, or in 2023, in response to Bloomberg, which first reported on the transfer.
If it goes forward with the plans, Blockchain.com would turn into solely the second cryptocurrency change within the US to take action, after rival Coinbase went public final 12 months with a valuation of practically $100 billion.
Binance.US, the American department of the most important cryptocurrency change on the earth, has additionally urged it can go public.
Based in 2011 in London, Blockchain.com permits customers to purchase and retailer digital tokens equivalent to Bitcoin in a digital pockets.
The corporate is certainly one of Britain’s most high-profile crypto firms. Former Prime Minister David Cameron opened the corporate’s east London workplace in 2019, saying: “It’s nice to be initially of a revolution right here in London, I hope you retain this revolution going.”
Ex-Barclays CEO Antony Jenkins sits on the board of Blockchain, which is run by Peter Smith.
The service at present has greater than 37 million customers in additional than 200 international locations, permitting them to retailer and commerce cryptocurrencies by way of {dollars}, kilos and euros. Final 12 months, it surpassed $1 trillion in cryptocurrency transactions.
In March, the corporate stated a funding spherical led by enterprise capitalist agency Lightspeed Enterprise Companions valued it at round $14 billion.
Blockchain.com didn’t reply to requests for remark.
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