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Luxembourg City, Luxembourg 🇱🇺

Industry: Cryptocurrency

Region: Europe 🇪🇺

Founded: 2011

Expected Valuation: $14 billion

IPO Date: 2023 (expected) Financial, Inc.

Key Company Facts

HeadquartersLuxembourg City, Luxembourg
IndustryCryptocurrency Financial Services
FoundersBenjamin Reeves, Nicolas Cary, Peter Smith
Number of employees450
IPO Date2023 (expected)
Number of investorsNot disclosed
Total funding$490 Million U​SD
Number of account holdersNot disclosed
Valuation estimate$14 billion USD

Company Overview & History is a prominent and well-established company in the cryptocurrency industry. Founded in 2011 by Peter Smith and Nicolas Cary, initially focused on providing secure bitcoin wallets and explorer services.

Over the years, the company has evolved into a comprehensive platform offering various blockchain-related services and products. has gained a reputation for its user-friendly interface, robust security measures, and commitment to promoting the adoption of cryptocurrencies.

Financial Performance has experienced significant growth in its financial performance since its inception. As the demand for cryptocurrencies surged, the company’s revenue soared, driven by a substantial increase in user registrations and transaction volumes on its platform.

Additionally, has attracted substantial investment from venture capitalists and has successfully secured funding rounds, allowing it to expand its operations and invest in new technologies.


YearRevenue (USD)
2022$13 million​

Business Model

The core business model of revolves around providing cryptocurrency services to individual users, institutions, and businesses.

The company offers a range of products, including wallets for storing digital assets, an exchange platform for trading cryptocurrencies, and an explorer to track and verify transactions on various blockchains. generates revenue through transaction fees, premium subscription plans, and partnerships with other industry players. The company’s focus on user experience and security has helped it attract a significant user base and maintain a competitive edge in the market.

Estimated Valuation

YearEstimated Valuation (USD)
2022$14 billion​​
2021$5.2 billion​

Risk Factors

While has achieved substantial success, it also faces several risk factors inherent in the cryptocurrency industry. One significant risk is the regulatory uncertainty surrounding cryptocurrencies in many jurisdictions.

Regulatory changes or restrictions could impact the company’s operations and user base. Additionally, the volatility of cryptocurrency markets poses a risk, as it can influence user activity and transaction volumes on the platform.

Moreover, the company faces the constant threat of cybersecurity breaches, which could undermine user trust and reputation.

Market Opportunity operates in a rapidly growing market with immense opportunities. The adoption of cryptocurrencies and blockchain technology continues to expand globally, with increasing interest from individuals, institutions, and governments. As more people seek to participate in the digital asset ecosystem, is well-positioned to capitalize on this trend.

Furthermore, the company can leverage its reputation, user-friendly interface, and extensive range of services to attract new users and gain a competitive advantage.

With the potential for further innovation and mainstream adoption of cryptocurrencies, has a promising market opportunity ahead.


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