Cryptos

Blockchain.com CFO Says Company May Initiate in “18 Months”, Company Balance Sheet Holds ETH, Bitcoin News

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Blockchain.com’s CFO Macrina Kil explained this week how the company had surpassed $ 1 trillion in transactions in cryptocurrency and that the company could go public in 2023 through an Initial Public Offering (IPO). Kgil explained how Blockchain.com is the oldest cryptocurrency company in the sector. Since its founding, 76 million Blockchain.com wallets had been created.

$ 1,000 billion in crypto transactions, 76 million wallets made

In March 2021, Bitcoin.com News reported Blockchain.comThe company raised $ 300 million and received a post-currency valuation in excess of $ 5.2 billion. The company has been around for a while and was founded by Ben Reeves in 2011, when it was called Blockchain.info. It was led by Nicolas Cary, who was also its CEO in 2013. took into considerationThis is the most popular bitcoin wallet.

Peter Smith was the CEO of Blockchain.com in 2014. Macrina Kgil is Blockchain.com’s CFO. This week’s detailsSince its inception, the company’s crypto transactions have risen to over $ 1 trillion.

“We recently took a major milestone on Blockchain.com, surpassing over $ 1,000 billion in crypto-transactions on our platform. To put that number into context, we’ve processed almost a third of all transactions on the bitcoin network since 2012, ”Kgil said. The chief financial officer of the company added:

Our business in institutional markets continues to grow exponentially, as more asset managers try to meet the client demand to work alongside this new asset class.

Blockchain.com is considering an initial public offering, company holds Bitcoin and Ethereum in its balance sheet

Fortune.com interviewed Blockchain.com’s Chief Financial Officer in an interview published August 30, where he explained that the company has seen 76,000,000 wallets created. Kgil believes that the cryptocurrency ecosystem will continue to grow and noted that crypto isn’t going anywhere.

“At this point, a lot of people actually think crypto is here to stay,” Kgil said in his interview with Fortune.com. “It’s just [a matter of] how big and how fast it will grow in the global economy, ”she added.

The CFO of Blockchain.com also mentioned that, similar to Canaan and Coinbase, the company could have an initial public offering as soon as 2023. The interview states that Blockchain.com may go public “maybe in 18 to 24 months” and also highlights the fact Blockchain.com still has crypto assets on its balance sheet.

“The main crypto coins 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 about Blockchain.com becoming public in 2023? What do you think about the $ 1,000 billion worth of crypto transactions that have been recorded on the platform? Please comment below to let us know your thoughts on this topic.

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18 months, 2023. 76 Million wallets, Altcoins. Bitcoin. Blockchain.com, Blockchain.com CFO. BTC. Canaan. CFO. Coinbase, Crypto, Cryptocurrency. ETH. Ethereum, IPO. IPO. Nicolas Cary. Peter Smith

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