In 2025, several crypto companies made their public debut amid the market rally.
The stablecoin giant Circle Internet Group (NYSE: CRCL), the institution-focused crypto exchange Bullish (NYSE: BLSH), and the Gemini crypto exchange (Nasdaq: GEMI) executed their initial public offerings (IPOs) last year.
But the industry hesitated to offer more public offerings as the crypto market fell into a slump following the Oct. 10 crash.
Though BitGo Holdings (NYSE: BTGO), a leading crypto custodian company, went public in January 2026, there has been a draught in the crypto IPO market this year.
But recent SEC filings have heated up the market.
Related: Michael Burry drops bombshell on SpaceX, OpenAI IPOs
Blockchain.com confidentially files for IPO
Co-founded by Ben Reeves, Peter Smith and Nic Cary in 2011, Blockchain.com Group Holdings, Inc. is a prominent crypto brokerage firm.
The company announced on May 21 that it has confidentially filed a draft S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for the proposed IPO.
The number of shares to be offered and the price range for the proposed offering have not yet been determined, it said.
The confidential filing means the regulatory review process usually takes at least 2-3 months, and the company can keep its finances private until closer to the listing and prepare for IPOs away from public scrutiny.
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FalconX also makes confidential filing
Founded in 2018, FalconX is a crypto trading and brokerage firm with a focus on institutional clients.
The California-based company confidentially filed a Form S-1 with the SEC on May 28, CoinDesk reported. It has hired Cantor and other bankers to advise on its IPO.
As per the report, the company isn’t anticipated to go public until the end of the year.
Related: Wall Street bank predicts $1 trillion boom after IPOs
This story was originally published by TheStreet on May 29, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
