Crypto startup Blockchain dot com plans IPO in 2022

Crypto exchange and block explorer has started talking to American banks to explore how they could conduct an initial public offering (IPO) later this year.

Bloomberg reported on April 19 that sources familiar with the situation said the talks were preliminary and that the tech startup’s plans could change at any time.

Should it succeed in going public with an IPO, it would be only the second crypto exchange in the US to pull off the feat. Coinbase was the first company to go public in 2021 at an opening price of $381 per share of COIN with a valuation of nearly $100 billion. is currently valued at approximately $14 billion following a funding round with global venture capital firms. is a cryptocurrency financial services company that started in 2011 as the first bitcoin block explorer and later developed a popular crypto wallet application.

The race for the second public crypto exchange in the US has begun. Binance.US, the American arm of the world’s largest crypto exchange, is also planning an IPO as soon as it can demonstrate its independence from the primary exchange, according to founder Changpeng Zhao.

The exchange’s efforts are supported by a recent $200 million seed funding round that gave it a pre-money valuation of $4.5 billion.

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Regulatory complications have been the main obstacle preventing crypto exchange giants from going public in the US

Binance.US CEO Brian Shroder argues that the company has a strong business and is working with local regulators to ensure it can be listed without complications.