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

BlockBeats News, October 20, according to Coindesk, cryptocurrency exchange and wallet service provider Blockchain.com has recently been in talks about going public in the United States through a special purpose acquisition company (SPAC) — according to two sources familiar with the matter, the platform has appointed Cohen & Company Capital as an advisor for a potential SPAC deal. Due to the discussions being confidential, the sources requested anonymity. It is currently unclear whether the negotiations are still ongoing.

Blockchain.com declined to comment on the request, and Cohen & Company Capital did not respond before the deadline. Although the potential deal's valuation is undisclosed, the company's historical funding valuations have shown significant fluctuations due to market volatility: in March 2021, it raised $300 million at a post-investment valuation of $5.2 billion, the following year a new funding round increased the valuation to $14 billion, and according to Bloomberg data, by November 2023, a $1.1 billion funding round had reduced the valuation to $7 billion.