Blockchain.com is currently valued at about $14 billion followinga funding round with global venture capital firms. Blockchain.com is a cryptocurrency financial services companythat began as the first Bitcoin block explorer in 2011 and later created apopular crypto wallet application.
The race to be the second public crypto exchange in the U.S. isnow on. Binance.US, the American branch of the largest crypto exchange in theworld, also plans on going public as soon as it can demonstrateindependence from the primary exchange according to founder, Changpeng Zhao.
Helping in the exchange’s efforts is a recent $200 million seedround of funding that awarded it a pre-money valuation of $4.5 billion.
Regulatory complications have been the mainhindrance keeping crypto exchange juggernauts from going public in the U.S.
Binance.US CEOBrian Shroder argues that the firm has a strong business and is workingwith local regulators to ensure it can list without complications.
Charlie McGarraugh, chief strategy officer of Blockchain.com, willlead the platform as its Chief Investment Officer while continuing to work atBlockchain.com. During an interview, McGarraugh allegedly stated that thecompany is working on a solution that controls exposure to decentralized-finance currencies connected to applications thatallow users to trade, borrow, and lendwithout the use of a middleman. According to McGarraugh, the debut of thenew service indicates that Blockchain.com is doubling down on its institutionalbusiness.
