Blockchain.com filed a confidential S-1 after 14 years in crypto, joining Kraken, Grayscale, and SpaceX in a crowded but tentative IPO pipeline.
Posted May 22, 2026 at 6:27 am EST.
Blockchain.com Group Holdings, the parent of one of the oldest crypto exchanges, filed a confidential draft registration statement on Form S-1 with the SEC on Thursday for a proposed initial public offering of Class A ordinary shares, adding to a growing wave of crypto firms pursuing U.S. listings.
The company, founded in 2011 and headquartered in Dallas, has not yet determined the number of shares or the price range for the offering. The IPO is subject to market conditions, regulatory approval, and completion of the SEC review process. Bloomberg reported that Blockchain.com is targeting a listing this year.
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Blockchain.com employs roughly 500 people and has been profitable on an adjusted basis for the past three years, according to CryptoBriefing. The company started as a bitcoin block explorer and wallet provider before expanding into exchange and institutional services, making it one of the longest-operating consumer crypto brands.
The confidential filing is the latest in a pipeline that has grown despite the market downturn. Kraken parent Payward filed confidentially in November but has since signaled the IPO may slip to 2027 as crypto prices weigh on timing. Grayscale also filed in November. Bullish and Gemini Space Station have already listed. SpaceX filed its public S-1 on Wednesday, and Circle went public earlier this year. Reuters noted that sentiment in crypto markets has “slightly improved in recent weeks amid constructive regulatory developments,” including the CLARITY Act’s passage through the Senate Banking Committee.
