Analysis: Improved market conditions drive multiple crypto companies to seek IPOs next year

According to market news, this year companies ranging from exchanges to stablecoin issuers are competing to enter the public market, resulting in an unusually crowded IPO schedule. The successful listings of Circle and Bullish on the US stock market have also attracted Wall Street's attention.

Analysts believe that as more success stories emerge and market conditions improve, several crypto companies will seek to go public in 2026. Cryptocurrency broker FalconX is reportedly considering an IPO, but has not yet submitted any documents to the U.S. Securities and Exchange Commission (SEC). Other companies are also preparing to enter the listing phase, including Kraken, which has already submitted an application, as well as BitGo, Grayscale, and Blockchain.com, which have explored or publicly discussed IPO plans.