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Blockchain.com files with SEC for U.S. IPO
The crypto platform said the confidential filing starts a months-long review and lets it keep financial details private for now.
On Thursday, Blockchain confidentially filed for a United States initial public offering, submitting draft registration documents to begin the regulatory review process.
Regulatory developments in Washington and improving sentiment around digital assets have encouraged crypto firms to pursue public listings, despite Bitcoin remaining far from its $120,000 peak.
Founded in 2011 by Peter Smith, Ben Reeves, and Nic Cary, the exchange serves millions of users across more than 100 countries and has facilitated more than $1.1 trillion in transactions.
The company joins Kraken, Bullish, and Gemini in utilizing confidential filings, which allow firms to work privately with regulators before publicly disclosing financial details.
A Senate committee advanced crypto legislation last week, while Bitcoin has climbed roughly 20% over the past three months, signaling renewed institutional interest in digital assets.