After Coinbase Global Inc. hit a valuation above US$100 billion Wednesday, the question for the broader crypto world is, who’s next?

BlockFi Inc., a crypto-lending startup, and Kraken, a competing exchange with Coinbase, are two US firms in the US$2.2 trillion cryptocurrency market that are considering going public. The rise of Bitcoin and other digital assets like Ether to all-time highs this week is fueling a boom in possibilities that only a few years ago would’ve been laughed at.

“The biggest ramification of Coinbase going public is the legitimacy it brings to the industry,” said Ben Weiss, chief executive officer of CoinFlip, which provides crypto ATMs in the US. “There’s also rumors that Kraken and BlockFi are also looking to make themselves publicly tradable in the near future.”

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