Blockchain.com said it has confidentially filed documents with the U.S. 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 been determined, according to Thursday’s announcement.
Confidential filings allow companies to begin the SEC review process before publicly disclosing financial details related to a 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 digital asset-related products, including cryptocurrency exchanges, wallet services, institutional trading and lending products.
The company was reportedly in talks to go public in the U.S. last year through a merger with a special purpose acquisition company (SPAC).
Last year, public appearances from companies like Circle (CRCL) and Bullish (BLSH) (parent of CoinDesk) helped investors reopen the digital asset business, and heading into 2026, cryptocurrency companies are expected to have a blockbuster year for IPOs.
But deteriorating market conditions, weak trading volumes and disappointing post-IPO results from newly listed companies such as BitGo (BTGO) have cooled investor interest.
As a result, several major companies, including cryptocurrency exchange Kraken parent company Payward, ethereum application builder Consensys and hardware wallet maker Ledger, have either postponed or completely suspended IPO plans while waiting for market conditions to improve.
