Image for post
Image for post
San Francisco Bay, July 2017

Today, I’m excited to welcome Lane Kasselman, our first Chief Business Officer. Lane has been a trusted adviser to Blockchain.com for nearly 6 years and has been with the team for some of our most critical moments.

As our rapidly growing company looks to scale corporate development, capital markets, partnerships, and government affairs, Lane will lead the team to advance these critical priorities. We’ll also be working with Lane to sharpen and expand the public-facing aspects of our business as Blockchain.com becomes essential for our customers, partners and community.

Lane has spent well over two decades working in business strategy…


Image for post
Image for post

Now it’s time to do the work

Today we’re excited to share that Blockchain.com has closed on a strategic financing round, securing $120M from some of the world’s leading macro investors. These investors include Moore Strategic Ventures (Louis Bacon), Kyle Bass, Access Industries, Rovida Advisors, Lightspeed Venture Partners, GV (aka Google Ventures), Lakestar, Eldridge, and more.

When we set out to raise our Series A in late 2014, there were only a handful of venture-backed crypto companies. A bitcoin was worth hundreds of dollars and we were pleased to power just over 2 million wallets in the wild.

Six years later, we’ve come a long way. Bitcoin…


Image for post
Image for post

Wind at our backs, lots of growth, and the road to 1B wallets

Wow, 2020. It’s hard to say anything that will address the highs, the lows, the fear, the relief, the community, and the news we all experienced. It can feel trite to try to bring it all back to your work — but we tried to do so with this video:

Hindsight is 2020

We’re on a mission to tirelessly help build a financial system for the internet that empowers anyone in the world to control their money. 2020 was not only big for the market, but also a hugely transformative year for our product. We shipped:

New ways to buy, sell, and earn crypto

📈 Earn up to…


Image for post
Image for post

Last week I sent a letter on behalf of Blockchain.com to Treasury Secretary Steve Mnuchin (embedded below), outlining my concerns regarding FinCEN’s anticipated rules related to self-custodied wallets. Since then, FinCEN released a set of proposed rules that has been widely commented on in the crypto space. The good news is that the proposal published by FinCEN on Friday is less onerous than we had anticipated. For a great synopsis of the proposed rules, I recommend reading Compound General Counsel Jake Chervinsky’s thread on twitter.

Here are some of my thoughts about the proposal to implement additional restrictions on self-hosted…


Image for post
Image for post

About one crazy year, or lifetime ago, I posted some lessons learned after five years as a venture backed CEO.

What I didn’t share was how hard I have found the journey at times. How hard the isolation, pressure, and self judgement have been to labor under.

I was pushed forward by the unrelenting demons of insecurity and anxiety. No matter how much we accomplished, it was never enough to quiet those demons inside me. When you let those demons run you, they will ruin you, time and time again.

I’ve learned that the goalposts will always move. If you…


Image for post
Image for post

The enthusiasm occurring in the DeFi and NFT communities is impossible to ignore. Following our listing of YFI and Aave, we are proud to announce the addition of two more highly innovative tokens, Enjin Coin (ENJ) and Origin (OGN), on the Blockchain.com Exchange. To complement our DeFi listings, we’ve also integrated DappRadar — a platform to track, analyze, and discover decentralized applications — on the Blockchain.com Explorer. We’ve been following all three projects closely as they’ve grown and are confident in the technology they’re fostering.

We’re eager to make some of the most in-demand tokens far more accessible to millions…


Image for post
Image for post

Starting today, the Blockchain.com Exchange will support some of the most popular DeFi tokens on the market: YFI (yearn finance) and LEND (Aave). The enthusiasm and innovation occurring in the DeFi community are impossible to ignore. That’s why we’re eager to make some of the most in-demand tokens far more accessible to millions of Blockchain.com users worldwide.

If you’re not well-versed in using decentralized trading protocols like Uniswap — or even if you are — it can be difficult and expensive to trade these tokens. By creating order books for YFI and LEND on the Exchange, we’re not only giving…


Image for post
Image for post

Today we’re excited to share that for existing Interest Accounts — and any deposits made before 11:59 pm PT on Wednesday — we’re raising rates to the highest in the industry with no maximum deposit.


Assume all other accounts are scams

Everyday, the Blockchain.com team and I hear from people that have been scammed. This is heartbreaking. While we do everything in our power to reduce scams and fraud — literally saving millions of dollars worth of customer funds over the past 3 weeks — it continues to happen daily.

More upsetting to me personally is that scammers impersonate prominent crypto CEOs and influencers, and have recently taken to creating fake accounts in my name on Facebook, Instagram, WhatsApp, Twitter, and more on a daily basis.

To help cut down on this, I recently setup verified accounts on both Facebook and…


Image for post
Image for post

We’re now 2 years into Blockchain.com Ventures, and ~15 investments later, we’re excited to expand the investment team.

Our future team member will source, diligence, and lead deals into the best new crypto companies and projects that are at the earliest possible stage. Passion for crypto is a must.

Blockchain.com Ventures is an early stage, purely return-driven fund anchored by some of the best LPs in the technology and crypto world, such as Lightspeed Venture Partners. We’ve generated strong historical financial returns since first deploying capital and want to expand our platform.

We are passionate about this work because we…

Peter Smith

Let’s goooo! | CEO & co-founder @ www.blockchain.com

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store