|Place of residence||London, U.K.|
|Known for||Founding Blockchain.com|
Peter Smith was among the initial wave of entrepreneurs to venture into the Bitcoin space. In 2011, he co-founded Blockchain.info (now Blockchain.com), a block explorer and interface to the Bitcoin blockchain. Shortly after, the company created one of the first multi-platform mobile wallets. Since then, Blockchain.com has reportedly registered over 40 million wallets and expanded its range of products with a lending desk, custody service, exchange and hardware wallet.
Peter Smith's 2019:
Blockchain.com expanded its range of services in 2019 by launching a new exchange capable of supporting high-speed trades and a liquidity competitive with that of established exchanges such as Binance and Coinbase.
In November, Blockchain.com’s lending desk reported high numbers in their crypto credit offering. Multiple reports have indicated that the company’s frequent executive departures and shifting management stems from diverging visions on business strategy and custodial vs. noncustodial services.
What Cointelegraph expects for 2020:
With the changing regulatory landscape of crypto, Blockchain.com and similar firms operating on the middle-line of custodial/noncustodial services may be pressured to focus on only one or the other. While Blockchain.com has tried to maintain its commitment to supporting user control of funds, the new year may require the firm to tighten the bolts on its business strategy in the face of regulatory uncertainty.