Crypto brokerage Blockchain.com has taken a major step towards becoming a publicly listed company by confidentially filing for an initial public offering (IPO) in the United States. This development is seen as a positive sign for the digital assets market, which has been under pressure since October's record crash.
The number of shares to be offered and the price range for the proposed offering have not yet been determined by Blockchain.com. The company's platform allows millions of users in over 100 countries to invest in cryptocurrency, with more than $1.1 trillion facilitated in transactions. This move is seen as an opportunity for the company to tap into public markets and raise capital.