Blockchain.com Eyes Public Listing Through SPAC Deal Amid Crypto IPO Surge

Core Insights - Blockchain.com is considering a US public listing through a SPAC deal, with Cohen & Company Capital Markets engaged as an advisor, though the status of discussions remains unclear [1][2] Company Developments - Since August 2021, Blockchain.com has aimed for a public offering, raising funds at various valuations, including $120 million in February 2021 and $300 million at a $5.2 billion valuation in March, peaking at $14 billion before adjusting to $7 billion after a $110 million raise in November 2023 [3] - To prepare for its public debut, Blockchain.com has expanded its leadership team, appointing Justin Evans as CFO and Mike Wilcox as COO, and adding Timothy Flynn and Landon Edmond to its board to enhance governance and regulatory expertise [4] Industry Trends - There is a strong momentum for public listings in the crypto sector, with firms like Circle, Bullish, and Gemini successfully going public in 2025 [5] - Blockchain.com has recently expanded its services into Africa, indicating its readiness for a public transition, which may occur this year or in 2026 [5][6] - The push for public listings by crypto firms suggests increasing investor confidence and regulatory clarity for US digital assets [6]