Blockchain.com said it has confidentially filed documents with the United States Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO).
The number of shares to be offered and the proposed price range have not yet been determined, according to a statement released Thursday.
A confidential filing allows companies to begin the review process with the SEC before publicly disclosing financial details related to the listing. The IPO remains subject to market conditions and completion of the SEC review process.
Blockchain.com is a cryptocurrency financial services company that offers a range of digital asset-related products, including a cryptocurrency exchange, wallet services, institutional trading and lending products.
The company discussed an IPO in the United States last year through a merger with a special purpose acquisition company (SPAC), according to reports.
Crypto companies entered 2026 expecting a blockbuster year for IPOs after the public debuts of companies such as Circle (CRCL) and Bullish (BLSH) (CoinDesk’s parent company) helped reopen investors to the digital asset business last year.
But deteriorating market conditions, falling trading volumes and disappointing post-listing performance of newly listed companies like BitGo (BTGO) have since dampened investor appetite.
As a result, several major companies, including Payward, the parent company of crypto exchange Kraken, Ethereum app builder Consensys and hardware wallet maker Ledger, have delayed or completely suspended their IPO plans while waiting for market conditions to improve.
