Blockchain.com, a major cryptocurrency wallet and exchange provider, has confidentially submitted a draft registration statement to the US Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO).
Blockchain.com Eyes Wall Street with Confidential IPO Filing
22 May 2026 - 12:50 CEST
By Sandmark staff
The Dallas-based company, which also maintains operations in London, filed a draft Form S-1 for an offering of Class A ordinary shares. The number of shares and the price range have not yet been determined. The proposed IPO remains subject to SEC review and market conditions.
IPO push gains momentum
Founded in 2011 by Peter Smith as a bitcoin (BTC) block explorer, Blockchain.com has expanded into a full-service platform. It offers self-custody wallets, spot trading, institutional prime brokerage and market services. The company has facilitated more than $1.1tn in crypto transactions, with over 43mn verified users and 95mn wallets created. It reports three years of adjusted profitability, with roughly 60% of recent revenue from institutional services.
An informal valuation target of around $7bn was placed on the company in November 2023 during a series E funding round led by Kingsway Capital that raised $110mn. At the height of the bull market in early 2022, Bloomberg put a price tag of around $14bn on the firm.
Rivals advance public plans
Blockchain.com joins other digital asset firms targeting public markets. Kraken, a leading US-based cryptocurrency exchange that provides spot trading, derivatives and staking services, confidentially filed for its own IPO in late 2025 with plans for a 2026 listing. Gemini, the digital asset platform founded by the Winklevoss twins and known for its custody and trading offerings, completed listing steps in the past year.
