Blockchain.com targets $500 million IPO at up to $6 billion valuation

Blockchain.com is reportedly seeking to raise $500 million through an IPO at a valuation between $4 billion and $6 billion. The company filed confidentially with the SEC earlier this year as the crypto market shows signs of recovery.
Why it matters
A successful IPO for a major crypto services firm would signal renewed institutional confidence and market maturity in the digital asset sector.
The cryptocurrency financial services company is looking to raise about $500 million at a valuation of $4 billion-$6 billion amid discussions with prospective investors, according to the report.
London-headquartered Blockchain.com, which offers exchange, wallet, trading and lending services, filed confidentially for a proposed initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) earlier this year.
The confidential filing allowed the company to begin the SEC review process before publicly disclosing financial details related to the listing.
This year has been a quiet one for crypto IPOs, following several prominent listings in 2025, such as stablecoin issuer Circle CRCL $86.77 · Market Closed and crypto exchanges Gemini Space Station (GEMI) and CoinDesk parent company Bullish BLSH $36.18 · Market Closed .
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