CoinDesk
Blockchain.com has confidentially filed a draft S-1 with the U.S. Securities and Exchange Commission, formally kicking off the regulatory review process for a potential public listing. The number of shares and proposed price range have not yet been determined, and the IPO remains subject to market conditions and completion of the SEC review.
The move is a notable signal of ambition from one of the crypto industry's older financial services platforms, which offers an exchange, wallet services, institutional trading, and lending products. The company had previously explored a SPAC merger route to go public.
The filing arrives in a complicated moment for crypto IPOs. While Circle and Bullish helped reopen investor appetite for digital-asset businesses last year, deteriorating market conditions and weak post-listing performance from firms like BitGo have since cooled enthusiasm. Kraken…
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