has processed $1 trillion in crypto transactions, considers IPO launch By BTC Peers has processed $1 trillion in crypto transactions, considers IPO launch

One of the earliest blockchain firms (formerly, announced on Monday that it had processed $1 trillion in crypto transactions as it approaches its first decade in the market.

The CFO of the company Macrina Kgil shared the news on her institutional blog, noting that the said figure covered only transactions between cryptocurrency users. It excluded the trading volume handled by the company’s exchange. She said:

We recently hit a major milestone at, 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. operates one of the most effective Bitcoin wallets. In its earlier days, it supported only Bitcoin but has since enabled support for BCH, ETH, XLM, and Pax Dollars more recently.

The firm has also introduced additional services, including integration with its own crypto exchange, interest-bearing savings services, support for hardware wallets, and more.

According to Macrina Kgil,’s success is driven by its business strategy and its ability to adapt to the changes in the industry over the years.

She noted three main drivers behind this growth – public preference, the relationship with institutional investors, and its recent brokerage and exchange business.

What makes unique is that we have a thriving business in three key parts of the market. With diverse sources of revenue, great products to meet consumer demand, and a team in place, we’re confident we’ll see sustained growth for years to come.

In other news, Macrina Kgil revealed’s intention of going public. It wants to consolidate its position among North American investors by following the steps of Coinbase (NASDAQ:) and Robinhood (NASDAQ:).

She stated that “An IPO is possibly 18-months or more away”.

Google (NASDAQ:) Ventures, Lightspeed Venture Partners, DST Global, and VY Capital are among those financing the company’s growth.

Continue reading on BTC Peers

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Share Market Today