Blockchain.com Has Processed Over $1 Trillion in Transaction

Over the past decade of operation, Luxembourg-based cryptocurrency exchange, Blockchain.com, has now successfully processed over $1 trillion in transactions on its platform.

As unveiled in a blog post shared by the company’s Chief Financial Officer, Macrina Kgil, the company has attained the milestone with a major record of processing almost a third of all transactions on the Bitcoin network.

“We recently hit a major milestone at Blockchain.com, surpassing more than $1 trillion in crypto transacted on our platform; To put that number into context, we’ve handled nearly a third of all bitcoin network transactions since 2012, with the majority of all transactions processed through Blockchain.com Wallets taking place over the past two years."

Macrina noted that its growth had been fueled primarily by its value offerings to its clients and its unfazed promise delivery. The company said it has over 76 million active wallets, showing a massive boost in retail trading adoption. The firm also has several institutional clients, according to Macrina, and the growth was also notably fueled by the efficiency of the firm’s brokerage and exchange business.

Blockchain.com is one of the few crypto unicorns as it was valued at $5.2 billion following the $300 million it pulled from investors back in March 2021. Seeing its continuous growth trend, Macrina hinted at the possibility of the firm going public in 2023 in an interview with Forbes. 

It is becoming a trend for crypto firms to seek the public market pursuit. While Coinbase pioneered these growth metrics when listed on the Nasdaq exchange back in April, other outfits, including eToro, and Huobi are also notably considering various public entry routes.

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