
Blockchain.com’s confidential SEC filing advances its U.S. IPO plans as the company enters the standard review process, while cautious crypto equity markets have delayed listings by other digital asset firms.
Blockchain.com has confidentially submitted IPO paperwork to the U.S. Securities and Exchange Commission, putting the crypto brokerage on track for a possible Nasdaq listing later this year. The filing does not specify how many shares the company plans to sell or the price range, but it starts the traditional SEC review process, which the new report says typically lasts about two to three months. The article adds that other crypto firms, including Grayscale and Kraken, also made confidential IPO filings last November but have not listed yet as market conditions remain cautious. It also says investor sentiment has been supported by recent movement on U.S. crypto legislation, while crypto-related stocks traded mixed and several exchanges launched SpaceX-linked perpetual futures that allow speculative exposure without conferring ownership of actual shares.