Macrina Kgil, chief financial officer of crypto wallet provider and exchange Blockchain.com, said an initial public offer for the platform could happen equally early every bit 2023.

In a Forbes interview released on Monday, Kgil said Blockchain.com could consider an initial public offering in 18 months or more than. The company had a $5.2 billion valuation post-obit a $300 million funding round in March and a $120 million round in Feb.

At the time of the former, CEO Peter Smith said the company was "carefully considering its public-market options." Major cryptocurrency commutation Coinbase did not officially become public on the Nasdaq until April, when the business firm reportedly had a $100 billion valuation and Coinbase Pro was treatment more than $iii billion in daily transactions.

In a Monday blog post, Kgil said that Blockchain.com had surpassed $1 trillion in crypto transactions, nearly likely driven by retail investors and institutional adoption through the platform's brokerage and exchange concern. She added that the visitor'southward balance sheet consists of Bitcoin (BTC), Ether (ETH), altcoins and cash.

Related: Blockchain.com introduces username-based crypto transactions

Blockchain.com may not be the outset to follow in Coinbase's footsteps in going public. Kraken CEO Jesse Powell said in June that the substitution was considering a public listing for next year, stablecoin-focused crypto company Circumvolve said last month that it planned to get public in a $iv.5 billion deal, and Bullish — an exchange backed by Block.one — has also thrown its hat into the ring with a possible list on the New York Stock Exchange.