The cryptocurrency industry raised approximately $3.4 billion through IPOs in 2025, and this momentum is projected to accelerate significantly in 2026. Market sources indicate that at least six large-scale crypto companies are planning to list, with an estimated total valuation exceeding $35 billion, marking one of the most active IPO periods the industry has ever experienced.
Prominent names on the 2026 IPO list
- Kraken: A leading cryptocurrency exchange in the US, valued at approximately $20 billion, is expected to IPO in the first half of 2026.
- ConsenSys, the developer of the MetaMask wallet and currently valued at approximately $7 billion, is collaborating with JPMorgan Chase and Goldman Sachs to prepare for its IPO.
- BitGo: A large digital asset custody firm focused on compliance and security, expected to become the first major crypto custody organization to IPO.
- Animoca Brands: The Web3 gaming giant, expected to go public through a reverse merger, with a valuation of approximately $6 billion.
- Ledger: The hardware wallet manufacturer has sold over 6 million devices, positioning itself as the "Apple of crypto security."
- Bithumb, a major South Korean stock exchange, has selected Samsung Securities as its underwriter and plans to list domestically.
Crypto enters a "mature" phase.
Analysts believe that this wave of IPOs is not short-term speculation, but rather reflects the maturity of the crypto industry, particularly in the following areas:
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- Legal compliance and corporate governance
- Blockchain infrastructure and digital asset custody
- Security, wallets, and services for institutional clients.
Unlike previous cycles, where the majority of value was concentrated in Token, IPOs in 2026 show a strong shift in Capital towards businesses providing core infrastructure and services—essential links for crypto to integrate into the traditional financial system.
Significance for the global Capital market
If the plans proceed as scheduled, 2026 could become the most significant milestone for crypto IPOs, not only in terms of valuation size but also in terms of symbolism. The public listing of companies like Kraken, ConsenSys , and BitGo would:
- Increase the level of transparency and financial standards in the industry.
- Paving the way for institutional investors and traditional funds to indirectly access crypto.
- Laying the groundwork for deeper integration between Web3 and the global financial market.
