Blockchain.com has secretly filed for a U.S. stock market listing, joining a growing number of crypto companies going public as interest in digital assets starts rising again.

Crypto exchange and wallet provider Blockchain.com has confidentially filed to launch an initial public offering (IPO) in the United States, with this Blockchain.com joins the crypto IPO race. This initiative shows how crypto businesses are becoming more accepted in mainstream finance.

The company said on Thursday that it had submitted draft IPO documents to the U.S. Securities and Exchange Commission (SEC). Because the filing is confidential, Blockchain.com can prepare for going public without facing early pressure or attention from investors and the markets.

The number of shares to be offered and the expected price range have not yet been disclosed. The company said the offering will move forward depending on market conditions and the SEC review process.

Blockchain.com takes its next big step

Founded in 2011, Blockchain.com is considered one of the oldest firms in the cryptocurrency industry. Over the years, the U.K.-based company has expanded beyond crypto wallets into exchange services and institutional products.

According to the company’s website, Blockchain.com has:

  • Helped create more than 100 million crypto wallets

  • Processed over $1 trillion in transactions

  • Built partnerships across the global crypto ecosystem

The company was once valued at around $14 billion during the peak of the crypto market boom. It also gained wider visibility through its partnership with the Dallas Cowboys. Earlier this year, Blockchain.com secured approval from U.K. financial regulators to offer crypto services in the country, strengthening its regulatory standing ahead of its IPO plans.

Why are crypto companies rushing to go public

Blockchain.com is the latest crypto firm looking to enter public markets as investor confidence in digital assets slowly returns. Several companies in the sector have either completed IPOs or are preparing for them, including:

  • Kraken

  • Ledger

  • Consensys

  • Grayscale

Last year, stablecoin issuer Circle made headlines after its public debut saw shares surge more than 168% on the first trading day. Meanwhile, firms such as Gemini, Bullish, and Figure Technologies also entered public markets, though their performances have varied significantly.

Can Blockchain.com stand out from rivals

As far as Business Fortune is concerned, the big question now is whether Blockchain.com can separate itself from competitors in an increasingly crowded crypto market.

Some rivals have struggled with falling valuations after going public, while others continue to attract strong investor interest. Market conditions, regulation, and investor confidence in crypto will likely play a major role in determining the company’s success.

Still, Blockchain.com’s long history, global user base, and strong brand recognition may help position it as one of the most closely watched crypto IPOs of the coming year. As more digital asset firms seek public listings, the crypto industry appears to be moving steadily closer to becoming a permanent part of mainstream financial markets.