Blockchain.com has initiated the process for a US initial public offering (IPO), marking its entry into the public market as part of a broader trend among digital asset companies. The firm filed a draft S-1 registration statement with the US Securities and Exchange Commission (SEC) for the proposed offering of Class A ordinary shares, though specific pricing and share quantities have yet to be established.
Founded in 2011, Blockchain.com has amassed over 95 million wallets and more than 43 million verified users, having processed upwards of $1.1 trillion in crypto transactions. The company provides a variety of services, including consumer trading, wallet services, and institutional products.
This filing follows the company's recent expansion efforts, which include enhancing its presence in African markets and launching perpetual futures trading through its Hyperliquid protocol. As the IPO progresses, it will be subject to market conditions and regulatory review by the SEC.
Several other crypto firms are also navigating the IPO landscape, with plans evolving in response to shifting market dynamics. Notably, Backpack Exchange has indicated intentions for a potential US IPO, while Copper is reportedly reconsidering its plans in favor of a possible sale.