Blockchain.com files for U.S. IPO

Cryptocurrency financial services firm Blockchain.com has confidentially filed paperwork with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO). While the number of shares and price range are yet to be determined, the move signals the company's intent to go public. This filing occurs amidst a cautious market for crypto IPOs, following a period of weaker conditions and less-than-stellar post-listing performances from some digital asset firms. Blockchain.com offers a suite of products including a crypto exchange, wallet services, and institutional trading.