CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$19,087.69
  • ethereum
    ETH$1,062.10
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Crypto Fund
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Crypto News » BlockchainCom Has Processed $1 Trillion in Crypto Transactions: CFO Reveals IPO Plans

    BlockchainCom Has Processed $1 Trillion in Crypto Transactions: CFO Reveals IPO Plans

    Author: Felix Mollen

    Last Updated Aug 31, 2021 @ 06:39

    The wallet, explorer, and crypto exchange Blockchain-com is having a great 2021, but it wants an even better 2022 with a possible IPO.

    Blockchain.com — former Blockchain.info — one of the OGs of the crypto industry, announced today that as it nears its first decade in the market, it was able to process $1 Trillion in crypto transactions.

    Macrina Kgil, CFO of Blockchain.com, shared the news on her institutional blog, noting that this statistic only covers Bitcoin transactions between real cryptocurrency users, leaving out the trading volume handled by the company’s exchange.

    We recently hit a major milestone at Blockchain.com, surpassing more than $1 trillion in crypto transacted on our platform. To put that number into context, we’ve handled nearly a third of all bitcoin network transactions since 2012.

    Blockchain.com has perhaps one of the best-known Bitcoin wallets in the world. It once exclusively supported Bitcoin but evolved to support BTC, BCH, ETH, XLM, and Pax Dollars. It also offers integration with its own crypto exchange, interest-bearing savings services, support for hardware wallets, and more.

    A Succesful Business Strategy

    For Macrina Kgil, the key to Blockchain.com’s success is due to its business strategy and the way the company has adapted to changes in the industry over the years.

    Macrina Kgil thinks there are at least “three main drivers behind this growth.”

    ADVERTISEMENT
    • First, public preference: There are currently 76 million users of the Bitcoin wallet worldwide. The wallet is also at the top of the most downloaded cryptocurrency wallets on Android.
    • Second, the relationship with institutional investors: Blockchain.com has been able to attract high-quality wealthy investors and has managed to capitalize on institutions’ interest in getting exposure to Bitcoin over the past two years.
    • Third, its recent brokerage and exchange business: For Macrina Kgil, the blockchain.com exchange has seen significant growth over the past 6 months as cryptocurrency markets heat up.

    Macrina Kgil is confident that this multi-pronged strategy has proven to be successful and will continue to be the focal point for Blockchain.com going forward.

    What makes Blockchain.com unique is that we have a thriving business in three key parts of the market. With diverse sources of revenue, great products to meet consumer demand, and a team in place, we’re confident we’ll see sustained growth for years to come.

    Blockchain.com Is Considering an IPO

    Speaking with Forbes, Macrina Kgil revealed Blockchain.com’s intentions of going public. The company wants to follow Coinbase and Robinhood and improve its position among North American investors. The stock market could be a year and a half away:

    “An IPO is possibly 18-months or more away”

    Back in March of 2021, Blockchain.com raised over $300M in funding at a $5.2B post-money valuation. The round followed another one of $120 Million in February of 2021.

    Google Ventures, Lightspeed Venture Partners, DST Global, and VY Capital are among those financing the company’s growth.

    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

    You Might Also Like:

    • etf_cover
      Want a Bitcoin ETF? Try Waiting Until 2023, Wilshire Phoenix Co-Founder Says
    • Cryptocurrencies Increase In Popularity Among LGBTQ and Black Americans
    • PhillippPlein
      Philipp Plein to Accept Cryptocurrency Payments: CEO Is a HODLer
    Tags: Bitcoin Adoption Blockchain Adoption Wall Street
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Felix Mollen
    More posts by this author

    Felix got into Bitcoin back in 2014, but his interest quickly expanded to everything blockchain-related. He's particularly excited about real-world applications of blockchain technology. Having worked as a professional content writer for three years before that, Felix transitioned to working on blockchain-centered projects and hasn't looked back ever since.

  • bitcoin
    BTC$19,087.69
  • ethereum
    ETH$1,062.10
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    Over 33% of NFT Volume is Wash Trading: bitsCrunch CEO Interview

    Over 33% of NFT Volume is Wash Trading: bitsCrunch CEO Interview

    What’s Going on With Celsius Network and Why Is It a Huge Risk for Crypto (Opinion)

    What’s Going on With Celsius Network and Why Is It a Huge Risk for Crypto (Opinion)

    Institutions Are Definitely Here: ConsenSys’ Harriet Browning (Interview)

    Institutions Are Definitely Here: ConsenSys’ Harriet Browning (Interview)

    Binance Visa Card Guide: Read Before You Order

    Binance Visa Card Guide: Read Before You Order

    Bitstamp CEO JB Graftieaux: We Are Still Early (Interview)

    Bitstamp CEO JB Graftieaux: We Are Still Early (Interview)

    Okay Bears NFT Collection: The Complete Guide

    Okay Bears NFT Collection: The Complete Guide

    Our Ambition is to Become the Amazon of Crypto: Interview with Coinbase’s Guillaume Chatain

    Our Ambition is to Become the Amazon of Crypto: Interview with Coinbase’s Guillaume Chatain

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    Footer Logo
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers

    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Cannabis Stocks News | Market Analysis
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!