This week, Macrina Kgil, CFO of Blockchain.com discussed how the company has surpassed $ 1 trillion in cryptocurrency transactions and the company could go public with an initial public offering (IPO) in 2023. The cryptocurrency company is one of the oldest in the industry and Kgil stated that 76 million Blockchain.com wallets have been created since the company was founded.
$ 1 trillion in crypto transactions processed, 76 million wallets created
In March 2021, Bitcoin.com News reported that Blockchain.com raised $ 300 million and received a post-money valuation of around $ 5.2 billion. The company has been around for a long time and when it was called Blockchain.info it was founded back in 2011 by Ben Reeves. In 2013, it was headed by Nicolas Cary and was considered the most popular Bitcoin wallet at the time.
In 2014, Blockchain.com was led by Peter Smith and has been the company’s CEO since then. Macrina Kgil, the chief financial officer of Blockchain.com, stated this week that the company has grown over $ 1 trillion in crypto transactions since the company’s inception.
“We recently reached a major milestone at Blockchain.com, exceeding more than $ 1 trillion in crypto transactions on our platform. To put that number in context, we’ve handled nearly a third of all Bitcoin network transactions since 2012, ”Kgil said. The company’s CFO added:
Our institutional market business continues to grow exponentially as more and more asset managers seek to satisfy their clients’ demands to work with this new asset class.
Blockchain.com is considering an IPO, company has Bitcoin and Ethereum on its balance sheet
Blockchain.com’s CFO also spoke to Fortune.com in an interview posted Aug. 30, which explains that the company has also created 76 million wallets. Believing the cryptocurrency ecosystem will continue to grow, Kgil noted that crypto is going nowhere.
“At this point in time, a lot of people actually think that crypto will stay here,” Kgil said in her interview with Fortune.com. “It is only [a matter of] how big and how fast it will grow within the overall economy, ”she added.
Additionally, the CFO of Blockchain.com, along with publicly traded companies like Coinbase and Canaan, mentioned that the company may see an IPO as early as 2023. The interview stated “possibly in 18 months or more” and the interview also highlights that Blockchain.com is keeping crypto assets on its balance sheet.
“The most important crypto pieces we hold are [bitcoin (BTC) and ethereum (ETH)… but we do also hold [altcoins], as a company, when we think it makes sense, ”says Kgil.
What do you think of a possible IPO of Blockchain.com by 2023 and the $ 1 trillion crypto transactions recorded on the platform? Let us know what you think on this matter in the comments below.
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