In 2025, there is a surge in the number of crypto IPOs driven by favorable regulatory conditions and record-high prices for digital assets. This has attracted investor interest and sparked a new wave of listings in financial markets.
Regulatory Tailwinds for Crypto IPOs
U.S. cryptocurrency companies are starting to access the market thanks to the pro-crypto regulations established under President Trump. The recently signed ‘GENIUS Act’ provided a federal framework for U.S. dollar-pegged stablecoins, boosting investor confidence in the digital asset space.
Record Crypto Market Momentum
Bitcoin and other cryptocurrencies are reaching all-time highs, with Bitcoin recently crossing $124,000 and Ether hitting $4,700. Overall, the cryptocurrency market capitalization has surpassed $4 trillion, increasing the value of companies in the sector.
Major Crypto IPOs and Their Impact
Several large crypto firms have already gone public. Circle Internet Financial, the issuer of the USDC stablecoin, conducted an IPO in June 2025 on the NYSE, raising $1.05 billion. Another notable player, Bullish, raised $1.11 billion in its IPO in August 2025. These events are seen as key indicators of growing interest in crypto IPOs in general.
Various internal and external factors have contributed to the crypto IPO boom. Regulatory backing and positive price trends create favorable conditions for further growth. However, experts warn about ongoing market volatility and regulatory uncertainties.
