.blockchain is reportedly preparing to go public in 2022
In late March, Blockchain.com, which was founded back in 2011, has ballooned to a valuation of $14 billion after the company’s Series D funding round.
In December, the Miami-based crypto giant announced that it was developing a marketplace for non-fungible tokens.Coinbase, the biggest cryptocurrency exchange in the U.S., went public last April. Multiple major crypto trading platforms, including Gemini and Kraken, have since indicated that had plans to have an IPO. Somethat Binance.US, an American subsidiary of the cryptocurrency behemoth, could be the next crypto exchange to go public after reaching a valuation of $4.5 billion.
The Coinbase stock is down 42.92% since the start of the year, significantly underperforming Bitcoin. The largest cryptocurrency is down more than 11% year-to-date. Oppenheimer’s Owen Lau, however, believes that the sell-off is"overblown," debunking the top bear cases against the leading crypto platform. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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