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  • Blockchain.com has begun interviewing banks for an initial public offering, with an IPO likely to occur later this year or sometime in early 2023.
  • The cryptocurrency platform received a valuation of $14 billion in March.
  • Blockchain.com recently made headlines by announcing its historic partnership with the Dallas Cowboys.

According to Bloomberg, cryptocurrency platform Blockchain.com has begun interviewing banks for an initial public offering. Sources close to the matter say that the IPO will likely occur later this year or sometime in early 2023.

In March, Blockchain.com received a valuation of $14 billion during a funding round led primarily by Lightspeed Venture Partners and Baillie Gifford & Co.

Blockchain.com was founded in 2011 as a startup and provides a platform to purchase, exchange, and store digital currency. Its most prominent competitor, Coinbase, went public via direct listing last April. However, Coinbase shares have lost roughly 60% of their value since then.

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Blockchain.com recently made headlines by announcing its partnership with the Dallas Cowboys. The deal is one for the record books, as it represents the first foray into cryptocurrency by an NFL team and Blockchain.com’s first partnership with a national-level sports team.