U.K.-based crypto exchange Blockchain.com has confidentially filed for an initial public offering (IPO) in the U.S., according to a Thursday announcement. The firm, founded in 2011, claims to have facilitated the creation of over 100 million crypto wallets and $1 trillion in transactions. Specific details on share counts and pricing remain undisclosed. Blockchain.com was once valued as high as $14 billion. The filing adds to a growing trend of crypto firms pursuing public listings, following successful IPOs like Circle's in 2024, where shares surged over 168% on debut. Other firms such as Kraken, Ledger, and Consensys have also signaled IPO plans. Competitors like Gemini and Bullish went public via alternative routes, with diverging market performances. Blockchain.com received approval from U.K. regulators earlier this year to offer crypto services domestically. The company is also known as the crypto exchange partner of the Dallas Cowboys. The move reflects the maturing of the crypto industry as it seeks mainstream capital markets exposure.

Key facts

• Blockchain.com confidentially filed for a US IPO on Thursday.
• Founded in 2011, it has created over 100 million crypto wallets.
• The firm was once valued as high as $14 billion.
• It joins a growing list of crypto firms planning IPOs.
• It received UK regulatory approval earlier this year.

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