Key Highlights
- Blockchain.com has confidentially filed for an IPO with the U.S. SEC, but details like share price and number of shares are not yet decided.
- The IPO is still uncertain and depends on market conditions and SEC approval before anything becomes official.
- Crypto companies are actively moving toward public listings, but some like Kraken are delaying
Blockchain.com Group Holdings Inc. has quietly taken a big step toward joining public markets by confidentially filing paperwork with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO).
The Dallas-based company announced this on Thursday, saying it submitted a draft registration statement on Form S-1 for its proposed IPO in the United States.
The IPO filing is still in early stage
The company said it has not yet decided how many shares it plans to sell or the expected price range for the IPO. It also explained that the offering still depends on market conditions and the completion of the SEC review process before any final decision can be made.
In its official statement, the company said the filing is related to the proposed offering of its Class A ordinary shares. It also made clear that the announcement is not an offer to sell shares yet.
“Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933.”
Blockchain.com is one of the oldest companies in the crypto industry. Founded in 2011, the firm became popular for its crypto wallet service, which allows users to store and manage digital assets. Over time, the company expanded into crypto trading and institutional products for larger investors and businesses.
Crypto firms racing to go public
Meanwhile, the filing comes during a period when several crypto companies are also attempting to secure listings on public stock exchanges. Last year saw a strong wave of crypto-related IPOs that brought billions of dollars into the sector. Companies including Circle, eToro, Bullish, and Gemini all entered public markets in 2025. Together, the firms reportedly raised around $14.6 billion through at least 11 public offerings.
BitGo exchange also completed its public listing on the New York Stock Exchange in January 2026, becoming the first major crypto company to go public this year. The company reportedly raised around $213 million during its IPO.
However, its stock performance later showed that investor interest in crypto companies can quickly change as BitGo’s share price later dropped below its IPO value and fell by around 36%.
Some companies halt due to market conditions
Meanwhile, some firms have also decided to delay their plans because of market uncertainty. Crypto exchange Kraken had confidentially filed for a U.S. IPO in November 2025 and was reportedly targeting a launch in the first quarter of 2026. However, the company later paused those plans in March after market conditions became weaker.
Other crypto companies are still waiting before making their next move. Grayscale remains among the firms still preparing for possible public listings. Ledger is also watching the market carefully before deciding whether to continue with its own IPO plans.
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