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Blockchain Com

Can Blockchain.com become the financial infrastructure layer for crypto — owning wallets, exchange, lending, and B2B on-ramp/off-ramp for 94M+ KYC'd users?

Founded2011
HQLondon, UK
FoundersPeter Smith, Nicolas Cary
IndustryFintech / Crypto
The story

Founded in 2011 as a Bitcoin block explorer and non-custodial wallet provider, Blockchain.com evolved into a full-service crypto exchange and custodian serving tens of millions of users globally. The company expanded from wallet infrastructure into exchange, lending (crypto-backed loans), and B2B payments infrastructure (Blockchain.com Pay), positioning itself as an embedded crypto finance platform. Regulatory pressure in Canada (2024) led to the suspension of custodial services there, reflecting ongoing jurisdictional complexity in the crypto sector.

Last 12 months
2024-10
Product timeline
2011
Launched as a Bitcoin block explorer and wallet provider.· banking
2019
Launched Blockchain.com Exchange, enabling spot trading of major crypto assets.· pivot
2022
Launched Blockchain.com Lending (crypto-backed loans allowing users to borrow USDC against BTC/ETH collateral).· lending
2023
Launched Blockchain.com Pay — an embedded crypto on/off-ramp product enabling third-party apps to integrate fiat-to-crypto purchases via Blockchain.com infrastructure.· banking
2024
Paused custodial and exchange services to Canadian customers due to regulatory developments.· pivot
Regulated entities
EMI / Crypto Asset Service
UK FCA
Blockchain.com Ltd
The stack
Payments / PSP
Blockchain.com Pay (self-operated)
Lending
Crypto-backed loans (borrow USDC against BTC/ETH collateral, no fixed repayment schedule)
Open banking
Yodlee
Crypto
Blockchain.com (self-operated)
Accounting gap: minor