One of Blockchain.com’s most well-known crypto exchanges plans to attempt an initial public offering (IPO) this year, making it the second crypto exchange to do so. For those who do not know, an IPO is simply the company’s public offering to sell its shares, and this is the first time the company has offered the stock to the public. There are several reasons why a company is listed on the stock exchange, as it is a really big milestone for the company. Debt financing or raising additional capital for your development is considered to be the main reasons.
According to recent reports again provided to the world by Bloomberg, the Blockchain.com crypto exchange has begun talks with US banks about the possibility of launching an initial public offering or IPO, before the end of 2022. Other cryptocurrency exchanges we know could soon move towards an IPO, are Gemini and Kraken and it will be interesting to follow this whole development. Although it is still just a discussion in the literally initial phase, the crypto exchange thus entered into direct competition with Binance.US for the title of the second public crypto exchange, given that the first place is held by Coinbase crypto-exchange.