Blockchain.com is currently seeking a SPAC listing and has hired a financial advisor.

On October 20th, as per Coindesk, the cryptocurrency exchange and wallet service provider Blockchain.com has recently been engaged in discussions regarding going public in the United States via a special purpose acquisition company (SPAC). According to two sources with knowledge of the matter, the platform has appointed Cohen & Company Capital as an advisor for a potential SPAC deal. Given that the discussions are confidential, the sources requested anonymity. It is currently uncertain whether the negotiations are still in progress. Blockchain.com declined to provide comments on the request, and Cohen & Company Capital did not respond before the deadline. Although the valuation of the potential deal remains undisclosed, the company's historical funding valuations have witnessed significant fluctuations due to market volatility. In March 2021, it raised $300 million with a post-investment valuation of $5.2 billion. In the following year, a new funding round increased the valuation to $14 billion. According to Bloomberg data, by November 2023, a $1.1 billion funding round had led to a valuation reduction to $7 billion.