Blockchain.com Explores SPAC Deal to Go Public in U.S.

Blockchain.com is reportedly in talks for a potential public listing via a SPAC in the U.S., advised by Cohen & Company Capital Markets.

The potential SPAC deal could influence market perceptions of cryptocurrency investments and impact Blockchain.com’s valuation and related assets.

SPAC Listing Could Mark $7 Billion Market Entry

Blockchain.com, a significant entity in cryptocurrency exchanges and wallet services, has reportedly initiated efforts to enter U.S. public markets using a SPAC vehicle. The company is said to have enlisted Cohen & Company Capital Markets as advisors. While official communication from Blockchain.com’s leadership is absent, industry analysts are watching closely.

Valuation fluctuations mark Blockchain.com’s financial trajectory, with reported highs of $14 billion in 2022. This latest SPAC consideration coincides with a valuation correction to $7 billion, suggesting current market recalibrations.

“We are exploring various avenues for growth and expansion, including the potential for a SPAC transaction.” – Blockchain.com Leadership, Coindesk

Bitcoin at $111K: Sector Trends and Analysis

Did you know? Similar SPAC ventures, such as Coinbase’s direct listing in 2021, significantly impacted market dynamics. Such moves typically invite greater regulatory and investor attention to the crypto space.

As of October 20, 2025, Bitcoin (BTC) trades at $111,339.81, bearing a market cap of $2.22 trillion and 58.98% market dominance, according to CoinMarketCap. A 2.65% uptick over 24-hour is contrasted by recent declines, reflecting volatility in cryptocurrency valuations.

Coincu researchers note the SPAC route could streamline sector entry into traditional finance markets, bypassing conventional IPO complexities. Such transitions may trigger increased scrutiny and pressure towards broader regulatory compliance in cryptocurrency enterprises.