TechFlow news, December 29 — According to Dlnews, the cryptocurrency industry raised $3.4 billion through IPOs in 2025, with more high-profile listings expected in 2026. Six notable upcoming IPOs include:
- Kraken – A U.S. crypto exchange valued at $20 billion, planning to go public in the first half of 2026
- Consensys – Developer of the MetaMask wallet, valued at $7 billion, preparing for IPO in collaboration with JPMorgan and Goldman Sachs
- BitGo – The first major publicly listed crypto custodian, focusing on compliance and security
- Animoca Brands – A Web3 gaming giant, expected to go public via reverse merger, valued at approximately $6 billion
- Ledger – Hardware wallet manufacturer that has sold over 6 million devices, positioning itself as the "Apple of crypto security"
- Bithumb – South Korean exchange that has selected Samsung Securities as underwriter, planning a domestic listing in South Korea
Analysts believe these IPOs reflect the maturation of the crypto industry, particularly in areas such as compliance, infrastructure, and security.
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