Cryptocurrency services provider Blockchain.com has confidentially filed for an initial public offering (IPO) in the US. This move is part of a trend of crypto companies returning to traditional stock markets, with the company announcing it has submitted a draft registration statement on Form S-1 to the US Securities and Exchange Commission (SEC). This was reported by Cointelegraph.com .
The number of shares and their price have not yet been determined. According to the company's statement, the IPO process will depend on market conditions and the results of the SEC review. The confidential filing procedure allows companies to receive preliminary feedback from the regulator before disclosing financial information to the public.
Founded in 2011, Blockchain.com currently has over 95 million wallets and more than 43 million verified users. Throughout its operations, the company has processed over $1.1 trillion in crypto transactions. This year, the platform has taken expansion measures, such as entering the African market and launching futures trading via the Hyperliquid protocol.
Other industry participants are also considering plans to go public. For instance, projects like Backpack Exchange and Copper are exploring IPO opportunities, while the Kraken exchange is reportedly delaying its plans until 2027 due to market conditions. Meanwhile, BitGo successfully debuted on the NYSE in January 2026, managing to raise $213 million in investment.
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