Cryptocurrency Exchange and Wallet Provider BlockChain.com has taken new steps towards a potential early public offering (IPO) by appointing two veteran executives with financial and operational expertise.
Blockchain.com has hired Justin Evans, who previously worked at Goldman Sachs, as the new Chief Financial Officer. He also appointed Mike Wilcox, former CFO of Velocity Global and former Point72 portfolio manager, as Chief Operating Officer.
Evans said the exchange “will take the necessary steps to become a public company if the open market is available.”
The move comes amidst the gusts of other cryptocurrency companies that they consider to be public, such as Circle, Kraken, Bullish Global (Coindsk’s parent company), Gemini, Ripple and Bitgo.
The adoption of growing institutions after major companies, including BlackRock and Fidelity, has launched the Exchange-Traded Fund (ETF) with a more balanced approach to the crypto space. A more advantageous environment for these companies to open up.
BlockChain.com has seen its ratings fluctuate over time. In March 2021, it raised $300 million in a post-money valuation of $5.2 billion in the Series C funding round. In 2022, the funding round closed and increased its valuation to $14 billion, but in November 2023, the $110 million funding round was closed at the valuation of a $7 billion company. Ta.
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