Blockchain.com said it has confidentially filed paperwork with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO).
According to an announcement on Thursday, the number of shares to be offered and the proposed price range have not yet been determined.
A confidential filing allows companies to begin the SEC review process before publicly disclosing financial details tied to the listing. The IPO remains subject to market conditions and the completion of the SEC review process.
Blockchain.com is a cryptocurrency financial services company that offers a range of products linked to digital assets, including a cryptocurrency exchange, wallet services, institutional trading, and lending products.
The company reportedly held talks last year about going public in the US through a merger with a special purpose acquisition company (SPAC).
Crypto companies entered 2026 expecting a blockbuster year for IPOs after public debuts from companies like Circle (CRCL) and Bullish (BLSH) (CoinDesk’s parent company) helped reopen investors to digital asset businesses last year.
But deteriorating market conditions, weaker trading volumes and disappointing post-listing performance of newly listed companies like BitGo (BTGO) have since cooled investor appetite.
As a result, several major companies, including Payward, the parent company of cryptocurrency exchange Kraken, Ethereum app maker Consensys, and hardware wallet maker Ledger, have delayed or completely halted their IPO plans as they wait for market conditions to improve.
